| Theory of Price and Markets II
E621 | 1658 | Schmidt
This is the second course in the graduate microeconomic theory core,
and as such, is intended to build upon the foundations built in E521.
It shall be concentrated primarily on two important modes of
microeconomic analysis. First, we will shift our attention to models
in which the economy is viewed as a system of interrelated markets.
This is called general equilibrium analysis. The second major
approach to microeconomic analysis to be studied is game theory, which
can be seen as an extension of decision making under uncertainty,
where some of the uncertainty is now created by the actions of other
economic agents. Popular applications of this theory tend to
concentrate on situations in which agents potentially have different
information about the economic environment.