Department of Economics

TYPE: COMPULSORY

TITLE: MICROECONOMIC THEORY ΙI

CODE: ECO202

SEMESTER: B (2^nd year)

INSTRUCTORS:  Α. PAPANDREOU, F. KOURANDI              

Course link: https://eclass.uoa.gr/courses/ECON329/

Course description

Microeconomic Theory II is the continuation of Microeconomic Theory I. The course focuses on the analysis and evaluation of business behavior under perfect and imperfect competition (monopoly, monopolistic competition, oligopoly) in the goods and the factor markets, on the study of general equilibrium models and provides a brief introduction of welfare economics.

Lectures cover:

1. Monopoly
2. Monopoly Behavior
3. Factor Markets
4. Oligopoly
5. Game theory
6. General equilibrium (exchange, production)
7. Welfare economics

Knowledge of introductory elements of economics, Microeconomic Theory I and mathematical calculus is taken for granted.

Books

Main textbook

Hal R. Varian (2015) Microeconomics: a modern approach, Greek edition.

Additional books

Walter Nicholson, Christopher Snyder (2018) Microeconomic Theory: basic principles and extensions, Greek edition.  

Varoufakis, Y. and N. Theocharakis, Microeconomic models of partial and general equilibrium, Greek edition.