316-402 Advanced Microeconomics

316-312 Macroeconomics and 316-313 Microeconomics.

An introduction to advanced microeconomics and to the economics of information and strategic behaviour. Topics to be covered include decision making under uncertainty, the interaction of primal and dual methods of modelling producer and consumer behaviour, the existence and welfare properties of general equilibrium, the theory of market failure and public goods, models of strategic behaviour in oligopoly, an introduction to game theory.

• High level of development: problem solving; interpretation and analysis; critical thinking.

• Moderate level of development: collaborative learning; application of theory to practice; synthesis of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.

• Some level of development: written communication; team work.

A 3-hour end-of-semester examination (70%) and class assignments totalling not more than 3000 words (30%).

To be advised.