ECON 5509
Microeconomics
Lec 01 selected
This course in microeconomic theory is required in the MA program. Subjects covered include: 1) theory of the firm (technology, cost, profit, maximization, introduction to linear programming, duality, supply); 2) theory of the consumer (utility, expected utility, revealed preferences, demand, integrability); 3) general equilibrium (existence, uniqueness, stability) and welfare economics (classical theorems); 4) theory of the market (pure monopoly, oligopoly, monopolistic competition, game theory).
Sections
Lecture
Lec 01
Mon, Wed 14:35-15:55
From the syllabus
From the Fall 2026 syllabus by Álvaro Parra. Fall 2026 is taught by Parra Á., so details may differ. Open the PDF
Grading
20%Assignments (5)Take-home; bi-weekly
25%Midterm 1October 14
25%Midterm 2November 16
30%Final examDecember 11; time TBD
Textbooks
- Advanced Microeconomic Theory, Third Edition, Jehle and Reny (optional)
- Microeconomic Theory, A. Mas-Colell, M. Whinston, and J. Green (optional)
Course rules
- Late work
- Assignments submitted late receive no credit.
- Missed assignment
- Missed assignments receive no credit unless proper justification is provided.
- Missed midterm
- A missed midterm's weight moves to the final; there are no make-up exams.
- Exam materials
- Only a graphing, accounting, or four-function calculator is allowed; no books, papers, phones, or internet-connected items.
- Assignments
- Students may cooperate, but submitted work must be individual and original.
- Generative AI
- Generative AI and large language models are prohibited except for grammar and spell-checking.
- Classroom devices
- Laptops are strongly discouraged, tablets are allowed, and phones are prohibited.
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