ECON 603 - Microeconomic Theory III
Section: 001
Term: FA 2019
Subject: Economics (ECON)
Department: LSA Economics
Advisory Prerequisites:
ECON 600, Permission of instructor.
May not be repeated for credit.
Primary Instructor:

This course covers classical general equilibrium theory. The focus will be on normative aspects (efficiency properties of competitive equilibrium) and positive aspects (existence, uniqueness, and comparative statics of competitive equilibrium). We shall also digress to discuss welfare theory and, in particular, Arrow's "impossibility theorem." The course concludes with a brief look at versions of general equilibrium theory that incorporate time and uncertainty. The instruction methods are lectures and discussion sections.

Course Requirements:

Students are evaluated on the basis of homework, a midterm, and a final exam.

Intended Audience:

The course is intended for incoming Ph.D. students.

Class Format:

There will be lectures and sections. Students will be evaluated on the basis of homework and exams.

ECON 603 - Microeconomic Theory III
Schedule Listing
001 (LEC)
TuTh 2:30PM - 4:00PM
Note: Second 7-week course. Meets 10/24-12/11
002 (DIS)
10Doc Level
TuTh 6:00PM - 7:30PM
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