Advanced Microeconomic Theory

Undergraduate

Selected topics in consumer and producer theory at an advanced mathematical level. Topics will include utility maximization, the indirect utility function, the expenditure function, consumer choice and the Slutsky equation, demand, consumers’ surplus, technology, profit maximization, the profit function, Hotelling’s lemma, cost minimization, the cost function and Shephard’s lemma, general equilibrium and welfare. Prerequisite(s): ECON 3113, and one of ECON 3613 or MATH 1023.