Economics 513 - Syllabus,
Fall 2000
Prof. Philip Ganderton
Econ. Room 2003
277-1962
gandini@unm.edu
This course introduces theoretical elements less “central” to microeconomics, but no less important. They are best encountered after absorbing fundamental consumption and production theory. The text will be Hal Varian’s advanced micro theory book.
The following topics will be covered:
WELFARE
Ch. 10
Measures of welfare
Ch. 13
Market equilibrium, Pareto efficiency
Ch. 17 Walrasian equilibrium, Fundamental Theorems
Ch. 22
More welfare topics
GENERAL EQUILIBRIUM
Ch. 18
General equilibrium with production
Ch. 21
General equilibrium theory, the core
Ch. 15
Game Theory
Ch. 19
Time
Ch. 11
Uncertainty
Ch. 25
Information
MARKET FAILURE
Ch. 23
Public goods, public choice
Ch. 24
Externalities
I will assign additional seminal and recent papers as supplementary reading. There will be occasional assignments and there will be problem-type exams (schedule to be announced).