This course represents Masters-level training in microeconomic theory and focuses on the application of microeconomic analysis.

This 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. The second half of the course will provide a graduate level to Industrial Organization, covering theoretical and empirical work dealing with the structure, behaviour, and performance of firms and markets. Of special interests is firms' strategic behaviour in price and non-price competition. Fundamental basic algebra and calculus will be called upon to develop an understanding of the aforementioned topics.

Throughout the semester, we will also 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 weekly two-hour class blocks will comprise primarily of lectures. In the last few weeks of the course, students will provide presentations on influential journal articles. More information on the presentations will be provided in class

Lectures will be conducted face to face (unless otherwise advised), but recorded for those students that are not able to attend due to COVID-19 restrictions. Any modifications will be advised via Moodle.