This course is a continuation of Intermediate Microeconomics. The objective of this course is to provide students with a systematic foundation of microeconomics in the hope that they are well equipped to take upper-level economics courses. The course is designed to deal with the topics that were not fully addressed in the Intermediate level. The topics include general equilibrium, uncertainty, asymmetric information, mechanism design, and market failure. Various applications will be selected to understand how theoretical frameworks are used to analyze real-world problems and provide policy implications.
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