ECONS52021B (HAM)
Microeconomic Analysis  Theory
15 Points
Staff
Convenor(s)
Susan Olivia
4112
MSB.2.11
susan.olivia@waikato.ac.nz

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Paper Description
This course represents Masterslevel training in microeconomic theory and focuses on the application of microeconomic analysis.
This course is a comprehensive, covering the traditional mainline areas of consumer theory, risk and information economics, the theory of the firm, the theory of markets and general equilibrium theory. The course will also cover principles of game theory, the formal analysis of strategy and consider some applications and standard models in the theory of oligolistic markets. Fundamental basic algebra and calculus will be called upon to develop an understanding of the aforementioned topics.
Along the way, we will critically examine some selected papers in applied theory and microeconometrics, asking what inspired them, what role economic theory played in them, how econometric techniques were used to test key hypotheses, and how theoretical and empirical findings were used to inform policy.
Paper Structure
Learning Outcomes
Students who successfully complete the paper should be able to:
Assessment
Assessment Components
The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam.
Required and Recommended Readings
Required Readings
*Readings for each topic are provided in the Reading List for this paper (accessible through Moodle).
Nicholson, W. and Synder, C. Microeconomic Theory: Basic Principles & Extensions. Cengage Learning, 2017.
Osborne, M. and A. Rubinstein A Course in Game Theory. MITPress, 1994.
Recommended Readings
Deaton, A. and Muellbauer, J. Economics and Consumer Behaviour. Cambridge University Press, 1980.
Jehle, G. and Reny, P. Advanced Microeconomic Theory. Pearson, 2011.
Osborne, M. An Introduction to Game Theory. Oxford University Press, 2003.
Watson, J. Strategy: An Introduction to Game Theory, 3rd ed. Norton, 2013.
DellaVigna, S. (2009) 'Psychology and Economics: Evidence from the Field' Journal of Economic Literature, 47(2): 315375
Other Resources
Online Support
Workload
Linkages to Other Papers
Prerequisite(s)
Prerequisite papers: ECON202, ECONS202, ECON302 or ECONS302 and one of ECON204 or ECONS205
Restriction(s)
Restricted papers: ECON502, ECON520 and ECON542