The course covers:
- The theory of consumer choice and demand.
- Choice under uncertainty, Dynamic choice, Social choice and efficiency.
- Pure exchange and general equilibrium, The neoclassical firm.
- The competitive firm and perfect competition. Monopoly, Imperfect competition.
- Moral hazard and incentives.
- Adverse selection and market signaliing.
- The relevation principle and mechanism design.
- Applications to real estate issues.