ECONS52020B (HAM)
Microeconomic Analysis  Theory
15 Points
Staff
Convenor(s)
Riccardo Scarpa
4848
MSB.2.01
riccardo.scarpa@waikato.ac.nz

Steven Tucker
9299
MSB.2.12
steven.tucker@waikato.ac.nz

Administrator(s)
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Paper Description
This course represents Masterslevel training in microeconomic theory and focuses on the application of microeconomic analysis. It will be taught in two halves.
The first half of the course will focus on consumer and producer theories. We will also introduce the concept of duality and analyse it in the context of consumption and production decisions. Along the way, we will critically examine some selected papers in applied theory and econometrics, asking what inspired them, what role economic theory played in them, how econometric techniques were used to test key hypotheses, and how theoretical and empirical findings were used to inform policy.
The aim of the second half of the course is to provide an introduction to strategic thinking and analysis in economics and finance through the basic techniques of game theory, and to illustrate the range of its applications to almost all fields of social science via a wide array of example applications.The development of game theory over the last 60 years is an important theme in social sciences and policyoriented research. For example, it has proven extremely valuable for analysing problems in economics and finance, in environmental issues, in business strategy, law, international relations, political science, etc. Since the Nobel Prize in 1996 awarded to Nash/Selten/Harsanyi, almost 50% of the Nobel Prize topics in economics employ elements of game theory.
Paper Structure
Learning Outcomes
Students who successfully complete the course should be able to:
Assessment
Assessment Components
The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam.
Required and Recommended Readings
Required Readings
*Readings for each topic are provided in the Reading List for this paper (accessible through Moodle).
Nicholson, W. and Synder, C. Microeconomic Theory: Basic Principles & Extensions. Cengage Learning, 2017.
Osborne, M. and A. Rubinstein A Course in Game Theory. MITPress, 1994.
Recommended Readings
Deaton, A. and Muellbauer, J. Economics and Consumer Behaviour. Cambridge University Press, 1980.
Jehle, G. and Reny, P. Advanced Microeconomic Theory. Pearson, 2011.
Osborne, M. An Introduction to Game Theory. Oxford University Press, 2003.
Watson, J. Strategy: An Introduction to Game Theory, 3rd ed. Norton, 2013.
Other Resources
Online Support
Workload
Linkages to Other Papers
Prerequisite(s)
Prerequisite papers: ECON202, ECONS202, ECON302 or ECONS302 and one of ECON204, ECONS205 or ECON519.
Restriction(s)
Restricted papers: ECON502, ECON520 and ECON542