Micro-Economics Course (13 days)




  • Theory of Consumer Behaviour
  • Theory of Production and Costs
  • Decision making under uncertainty Attitude towards Risk
  • Game Theory–Non-Cooperative games
  • Market Structures, competitive and non-competitive equilibria and their efficiency properties
  • General Equilibrium Analysis
  • Factor Pricing
  • Efficiency Criteria: Pareto-Optimality, Kaldor –Hicks and Wealth Maximization
  • Asymmetric Information: Adverse Selection and Moral Hazard
  • Welfare Economics: Fundamental Theorems, Social Welfare Function


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