ECON 6609

This course in microeconomic theory is required in the general PhD program. Its list of subjects includes: 1) General Equilibrium (existence, determinateness, stability) and Welfare Economics (classical theorems); 2) special topics in General Equilibrium Theory (intertemporal economies, equilibrium over time, uncertainty, temporary equilibrium, theory of the core and other solution concepts); 3) special topics in Welfare Economics (public goods, externalities, consumer surplus, fair allocations); 4) economics of information (signals and prices, moral hazard, equilibrium configurations).