Intoduction to Course:

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, signalling games, principal agent problems and general equilibrium theory.

Course pre requisites (if any):

No

Learning outcomes:

On successful completion of this course students will be able to:

• Understand the latest developments in microeconomic theory and apply them in research
• Provide economic modelling of human decisions under uncertainty, cooperation, etc
• Analyse and evaluate the design of incentive mechanisms
• Understand the modelling of one-sided markets such as auction markets and two sided markets such as matching market

Textbooks:

Microeconomic Theory: Basic Principles and Extensions, by Walter Nikalson and Christopher Snyder, Thomsan South-Western Press

Recommended Readings:

• Microeconomic Theory, by Andreu Mas-Colell, Michael Whinston and Jeffrey Green, Oxford University Press, 1995.
• Microeconomic Analysis, by Hal Varian, Norton & Company.

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Project: 40%
• Presentation: 30%
• Participation: 30%

Final Exam: 50 marks

Class Timmings: