ECON-2106 Consumer Theory and Theory of the Firm

Framed by market economies, this course summarizes the core issues of microeconomics in relation to the consumer theory and the behavior of the firm in face of markets. The class will study the core issues of the consumer theory, production and cost functions, and the behavior of the firm in face of a marked based on perfect competition. In this regard, some of the topics studied are: analysis of simple monopoly, oligopoly, monopolistic competition and factor-based market. The course also includes a brief introduction to the game theory and an analysis of the relation between markets and the concept of welfare. It also puts into practice analytical and quantitative tools more advanced than those applied in introduction to microeconomics.