Descriptif

The objective is to present the basic concepts of microeconomics, to discuss them at an advanced level and to give students an understanding of how economic modeling proceeds. 

Topics:

• Choice theory and introduction to welfare economics 
• Consumer theory 
• Producer theory, comparative statics, comparative advantage 
• Choice under uncertainty (expected utility, risk aversion) 
• General equilibrium, fundamental welfare theorems 
• Asset markets and asset pricing 
• No trade theorem, rational expectations.

Textbooks. There is no mandatory textbook for this course. The following books are an excellent complementary reading, and a good investment if you plan to do more economics.

•  "Microeconomic Theory" by Mas-Colell, Whinston and Green.
•  "Advanced Microeconomic Theory" by Jehle and Reny.
•  "Microeconomic Foundations I: Choice and Competitive Markets" by Kreps.