This course teaches advanced concepts of microeconomics theory, with emphasis on the firms. It briefly introduces the technology and tools that firs use to minimize cost and maximize profit. Then the course will switch briefly to consumer utility maximization subjected to a budget constraint. Later it delves deeply into firm behaviors and game theory. It explores firms’ actions in profit maximizing production level and pricing mechanism in both certain and uncertain environments (with asymmetric information).
DBA-705: Microeconomics: Theory of the Firm
Class Program