This course deals with more recent advances in microeconomic theory and the skills developed in this course will help students to apply the theoretical knowledge in research. Topics to be covered may include some or all of the following: consumer choice, demand, and their applications in the recent literature, as well as uncertainty, cooperative and non-cooperative game theory, networks, fair allocation and their applications, models of oligopoly, adverse selection, signaling games, principal agent problems and general equilibrium theory. The expected learning outcomes are:

1-Understand the latest developments in microeconomic theory

2-Understand the economic modelling of human decisions under uncertainty

3-Analyze and evaluate the design of incentive mechanisms

4-Understand the modelling of one-sided markets such as auction markets

READINGS

1-Modern Microeconomics by Koutsoyiannis, A. Palgrave Macmillan UK (1975)

2-Microeconomic Theory: Basic Principles and Extensions by Walter Nicholson , Christopher Snyder , South-Western College Pub; 10th edition (2007)

1. Microeconomic Theory Old and New: A Student's Guide by John M. Gowdy, Stanford Economics and Finance, 2010
2. Microeconomics: Behavior, Institutions, and Evolution by Samuel Bowles Princeton University Press, 2004
3. Microeconomic Theory: A Concise Course by James Bergin Oxford University Press, 2005
4. Applied Microeconomics by Stephen Hope Wiley, 1999
5. Microeconomics: Optimization, Experiments, and Behavior by John P. Burkett, Oxford University Press, 2006
6. Microeconomics: Behavior, Institutions, and Evolution  Samuel Bowles, Princeton University Press, 2004
7. The Microeconomics of Income Distribution Dynamics in East Asia and Latin America By François Bourguignon Francisco H. G. Ferreira Nora Lustig, Oxford University Press, 2004
8.  Information and Organization: A New Perspective on the Theory of the Firm by Mark Casson, Oxford University Press, 2001

Assessment Criterion

Mid Term           : 30 marks

Sessional         : 20 marks

Project              : 05 marks

Presentation     : 05marks

Attendance        :05

Genaral Behavior:05

Final Exam: 50 marks

Note: Students should ensure 75% class attendance. Students should have to submit all the tasks and projects given throughout the semester.