ECON0106 - Microeconomics

Aims:
This course introduces students to advanced topics in microeconomic theory. The topics offered will depend on the faculty teaching the course.

Objectives:
On completing this course students should:

• Understand dynamic and static contracting models with hidden information
• Understand the career concern’s model and the relational contracting model.
• Have a good understanding of the equilibrium concepts used in static and dynamic games.
• Understand the canonical multistage games and their equilibrium sets.
• Have a good understanding decision theory.
• Understand something of the recent developments in this theory such as choice from menus and ambiguity aversion.
• Understand the major results on mechanisms design.
• Be able to apply these results.