approxsyl.pdf

Topics in Microeconomics - Syllabus Timing: Friday and Saturday. http://www.isid.ac.in/∼dmishra/micro.html The focus of the lectures will be on some main ideas in microeconomic theory. The lectures will be spread over 5 weeks. Ea...

Topics in Microeconomics - Syllabus Timing: Friday and Saturday. http://www.isid.ac.in/∼dmishra/micro.html The focus of the lectures will be on some main ideas in microeconomic theory. The lectures will be spread over 5 weeks. Each week will focus on one idea. The five topics (ideas) that we will cover are: 1. Friday, November 15 (2:30 PM to 4 PM) and Saturday November 16 (10 AM to 11:30 AM): general equilibrium and welfare. 2. Friday, November 22 (2:30 PM to 4 PM), Saturday, November 23 (10 AM to 11:30 AM), and Saturday, November, 23, 2013 (2:30 to 4 PM): choice under uncertainty 3. Friday, November 29 (2:30 PM to 4 PM), Saturday, November 30 (10 AM to 11:30 PM): games with incomplete information, auctions 4. Friday, December 13 (2:30 PM to 4 PM), Saturday, December 14 (10 AM to 11:30 AM), Saturday, December 14 (2:30 PM to 4 PM): the moral hazard problem, the principal agent model, and the cheaptalk and signaling model 5. Friday, December 27 (2:30 PM to 4 PM), Saturday, December 28 (10 AM to 11:30 PM), and Saturday, December 28 (2:30 PM to 4:30 PM): mechanism design Grading will be as follows. 1. Five assignments - 10 % weight 2. Midterm - 50 % weight 3. Endterm - 40% weight Midterm is on December 7, 2013 and endterm is on January 4, 2014. Textbook: Though classnotes will be provided, the following books are recommended. Auction Theory by Vijay Krishna. Microeconomic Theory by Mas-Collel, Whinston, and Green. Lecture Notes in Microeconomic Theory by Ariel Rubinstein (freely downloadable from author’s website). 1