**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