14.121
Microeconomic Theory I
Covers consumer and producer theory, markets and competition, general equilibrium and the welfare theorems; featuring applications, uncertainty, identification and restrictions models place on data. Enrollment limited; preference to PhD students.
Fall 2015
This half-semester course provides an introduction to microeconomic theory designed to meet the needs of students in an economics Ph.D. program. Some parts of the course are designed to teach material that all graduate students should know. Others are used to introduce methodologies. Students should be comfortable with multivariable calculus, linear algebra, and basic real analysis.
Readings
- [MWG] = Mas-Colell, Andreu, Michael Dennis Whinston, and Jerry R. Green. Microeconomic Theory . Vol. 1. Oxford University Press, 1995. ISBN: 9780195073409.
- [MWG] Chapter 1.
- [Kreps] Chapters 1 and 2.
- [MWG] Chapters 2 and 3.
- [Kreps] Chapters 3, 10, and 11.
- [MWG] Chapter 4.
- 6, 7 · Producer Theory and Monotone Methods · [MWG] Chapter 5.
- [MWG] Chapter 6.
- [Kreps] Chapters 5 and 6.
- 12 · Dynamic Choice · [Kreps] Chapter 7.
- Mas-Colell, Andreu, Michael Dennis Whinston, and Jerry R. Green. Microeconomic Theory . Vol. 1. Oxford University Press, 1995. ISBN: 9780195073409.
Prerequisites & course information
Prereq: 14.04 and permission of instructor G (Fall; first half of term) 3-0-3 units
Sources
- Course catalogue ↗2026–2027
- MIT OpenCourseWare ↗Fall 2015
- MIT OCW readings ↗
- MIT OCW syllabus ↗
- Historical MIT OpenCourseWare offering. Named reading entries and schedule topics are automatically extracted from the linked source pages.