A comprehensive course in economic theory designed for doctoral students in all parts of the university. Topics include consumption, production, choice under risk and uncertainty, markets, and general equilibrium theory. Topics will be motivated by appealing to related recent theoretical and applied economics research.
Undergraduates with appropriate background are welcome, subject to the instructor's approval.
Prerequisites: Multivariate calculus and one course in probability theory. Thorough background in microeconomic theory at the intermediate level. Students may receive credit for both API-111 and API-101/API-105 only if API-101/105 is taken first. API-111 and API-109 cannot both be taken for credit. Also offered by the Economics Department as Ec 2020a and by the Business School as 4010.