MFE 01: Microeconomics
(MFE 01)

Scope of the Study

The course addresses the behavior of individuals and firms in the economy, examining issues such as individual optimization, the behavior of the firm in different market environments, exchange and general equilibrium. Applications to various markets will also be discussed.  Market failures in the presence of asymmetric information, externalities, and public goods are also discussed. Experimental economics will be incorporated to a few topics