COURSE OUTLINE
- COMPETITIVE MARKETS
Competitive firm
Profit maximization problem
Industry supply function
Welfare analysis
Discrete good model
- MONOPOLY
Special cases
Comparative statics
Welfare and output
Quality choice
Price discrimination
- GAME THEORY
Description of a game
Economic modeling of strategic choices
Repeated games
Sequential games
Bayes- Nash equilibrium
- OLIGOPOLY
Cournot equilibrium Comparative statics
Bertrand equilibrium
Classification and choice of models
Conjectural variations
Limit pricing
- EXCHANGE
Agents and goods
Walrasian equilibrium
Existence of Walrasian equilibrium
Theorems of welfare economics
Pareto efficiency and calculus
- TIME
Intertemporal preferences
Intertemporal optimization with two periods
Intertemporal optimization with several periods
- PUBLIC GOODS
Efficient provision of a discrete public good
Private provision of a discrete public good
Voting for a discrete public good
Efficient provision of a continuous public good
Demand revealing mechanisms
- EXTERNALITIES
An example of a production externality
Solution to the externalities problem
The compensation mechanism
Efficiency conditions in the presence of externalities