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Book - Varian

SYLLABUS

Unit 1

General equilibrium, efficiency and welfare

Equilibrium and efficiency under pure exchange and production; overall efficiency and welfare economics.

Unit 2

Market structure and game theory

Monopoly; pricing with market power; price discrimination; peak-load pricing; two-part tariff; monopolistic competition and oligopoly; game theory and competitive strategy.

Unit 3

Market failure Externalities; public goods and markets with asymmetric information.

References 1. M. Osborne: An Introduction to Game Theory, Oxford University Press (2004) 2. C. Snyder, W. Nicholson: Fundamentals of Microeconomics, Cengage Learning (2010) 3. H. Varian: Intermediate Microeconomics, A Modern Approach, 8th ed., W. W. Norton (2010) Additional Resources: 1. T. Bergstrom, H. Varian: Workouts in Intermediate Microeconomics, W. W. Norton (2014)