040059 UK Microeconomics for Students of Economics (BA) (2022S)

Course Summary: This microeconomics course provides an overview of the microeconomic theory that forms the basis for most other areas in economics. The course provides the theory, but also shows how the theory can be applied to real world examples/cases. The course deals with the classic content of microeconomics: how consumers make consumption choices, how producers make production choices, and how the market coordinates these choices. Welfare properties of perfectly competitive market allocations are also discussed.

Format: The topics of the course will be presented by the lecturer. Problem sets will be distributed regularly through the course website and in the tutorials. Problem sets will be graded.

Lectures: there are four hours of lectures and two hours of exercise classes (tutorials) every week. Prof. Schlag will teach the first part of the course (up to the midterm), while Prof. Janssen teaches the second part of the class.