A continuation of API-111. Covers information economics, bargaining and welfare economics, and general equilibrium. This is a comprehensive course in economic theory designed for doctoral students in all parts of the university.
Undergraduates with the appropriate background are welcome, subject to the instructor's approval. Prerequisites: API-111, Econ. 2010a, or HBS 4010; multivariate calculus; and one course in probability theory. API-112 and API-110 cannot both be taken for credit. Students may receive credit for API-112 and API-102 or API-303 only if API-102 or API-303 is taken first. Also offered by the Economics Department as Ec 2020b and by the Business School as 4011.