Economics 603 is the first half of the Economics Department’s two-semester
core sequence in
Microeconomics. This course is taken by all first-year Economics Ph.D.
students, as well as by quite a few Ph.D. students in Agricultural &
Resource Economics, the Smith School
of Business, and other academic departments. The first half of the
semester treats consumer theory and the theory of the firm. The second
half of the semester is an introduction to game theory and its applications in
economics.
Economics 704
is the second half of the Economics Department’s two-semester
sequence in Advanced
Microeconomics, intended for second-year Ph.D. students. (Economics
703, the first half of the sequence, is taught by Professor Peter Cramton in
the fall semester.) The course material varies from year to year, but
currently it focuses on auction theory, matching theory, and the relationship between
matching theory and auction theory. Other topics that are treated in
some years include: sequential bargaining under incomplete
information; and equilibrium refinements.
