This is a first course in partial equilibrium microeconomic analysis. As such, this course focuses on mathematical models of individual economic behavior.
Primary emphasis is on the most basic static full-information models.
All models will rely on an assumption of either equilibrium or optimization to render soluble form. Additionally, some topics in uncertainty and information theory, including expected-utility theory, moral hazard, and adverse selection will be presented. This course will rely on problem solving as the primary instructional technique. The overall and ultimate objective is to prepare the students for advanced field courses and independent research. January 11 Silberberg, Chapter 1, pp.