ECON 2102 - Microeconomic Theory II

The aim of this course is to enable students to analyze firm behavior and strategic decision-making under different market structures within the framework of advanced microeconomic theory. The course aims to develop theoretical and analytical skills related to monopoly, monopolistic competition, oligopoly, game theory, factor markets, general equilibrium, welfare economics, externalities, public goods, and asymmetric information.

Monopoly and monopoly pricing; price discrimination; monopolistic competition; oligopoly markets; Cournot, Bertrand, and Stackelberg models; strategic behavior and fundamentals of game theory; Nash equilibrium; factor markets; demand for labor and capital; general equilibrium analysis; economic efficiency and welfare economics; market failures; externalities; public goods; decision-making under uncertainty; asymmetric information, adverse selection, and moral hazard.

None.

Robert S. Pindyck & Daniel L. Rubinfeld, Microeconomics, Pearson.Hal R. Varian, Intermediate Microeconomics: A Modern Approach, W. W. Norton & Company.Jeffrey M. Perloff, Microeconomics, Pearson.

Students are required to comply with the principles of academic integrity in all examinations, assignments, projects, and other academic work. Cheating, plagiarism, fabrication of data or sources, submitting another person's work as one's own, and any form of unauthorized assistance constitute violations of academic integrity. Generative artificial intelligence (GenAI) tools may only be used for purposes permitted within the course. Students are responsible for verifying the accuracy of AI-generated content, and the use of such tools must comply with applicable academic integrity and ethical guidelines.