Course Outline for ECON 6008 EC61A: Advanced Microeconomic Theory 1

1
Course Outline for ECON 6008 (EC61A) Advanced
Microeconomic Theory 1

• Lecturer Dr Lloyd A. AMAGHIONYEODIWE
• Office Room E210 Alister Mclntyre Building
• Lecture Timetable Monday 900 1100 am
  Thursday 1200 200 pm Lecture Venue Room
  D101
• Office Hours Wednesday 1200 200pm and
  Thursday 400 600pm

2
Texts for the Course

• Varian, Hal R. Microeconomic Analysis, 3rd
  edition, Norton, 1992. (Henceforth referred to as
  Varian)
• Geoffery A. Jehle Phillip J. Reny Advanced
  Microeconomic Theory 2nd edition, The
  Addison-Wesley series in Economics, 2000.
  (Henceforth referred to as JR)

3
Topics

• Introduction Optimization 2 hours
• Readings Varian Ch 27 (reference)
• Theory of the Consumer 8 hours
• Readings Varian Ch 7 - 9 JR Ch 1 and 2
• Theory of the Firm Perfect Competition 10
  hours
• Readings Varian Ch 1-6 JR Ch 3

4

• Market Equilibrium Theory 4 hours
• Walrasian Model- Structure and Solution
• Theorem of Welfare
• Readings Varian Ch 13 and 18 JR Ch 5
• General Equilibrium 5 hours
• Readings Varian Ch 21 and 22 JR Ch 5
• Market Failure 3 hours
• Readings Varian Ch 23 and 24 JR Ch 8

5
Assessment

• The Final Grade in this course will be based on
• Mid-Term Examination 40
• Final Examination 60