Econ 8712

The course covers decision making under uncertainty, partial equilibrium theory, and general equilibrium theory. The GE portion includes existence and welfare theorems, production, and uncertainty. We will cover insurance and securities markets with uncertainty but symmetric information. We will introduce asymmetric information in the Rothschild-Stiglitz competitive screening model and Akerlof lemons model.

After finishing this course, you will know how to set up and solve optimization problems that involve uncertainty. You will have a solid understanding of general equilibrium theory, which underpins much of advanced economics. This will help you perform research that requires you to model perfectly competitive behavior and solve for a competitive equilibrium, and it will help you to read research in your fields that employ these models.

	Extra Problems on General Equilibrium
	Extra Problems on Production and Uncertainty
	Extra Problems on Production and Uncertainty: Answers
	A Rothschild-Stiglitz Problem
	Answer to Rothschild-Stiglitz Problem

	First Midterm Exam Questions and Answers, Winter 2010
	Second Midterm Exam Questions and Answers, Winter 2010
	Midterm Exam Questions and Answers, Winter 2009
	Final Exam Questions and Answers, Winter 2009
	Midterm Exam Questions and Answers, Winter 2008
	Final Exam Questions and Answers, Winter 2008

	Midterm Exam, Winter 2004
	Midterm Answers, Winter 2004
	Game Tree for Question 1, Winter 2004
	Final Exam Questions and Answers, Winter 2004
	Midterm Exam, Winter 2003
	Midterm Answers, Winter 2003
	Game Tree for Question 1, Winter 2003
	Final Exam Answers, Winter 2003

	Midterm Exam, Winter 2000
	Midterm Answers, Winter 2000
	Final Exam, Winter 2001
	Final Exam Answers, Winter 2001 (Part 2)
	Final Exam Answers, Winter 2002 (Part 2)