The course aims to formalize microeconomic treatment of industry and firm's behaviour, decision-making in consumer's choice problems, rationality theory (as well as its exceptions). Emphasis will be put to conceptualize various aspects of firm's and consumer's choice. Market structures, pricing under alternative market structures, market power and concentration will also form an integral part of the course. Behavioural and strategic aspects of the agents would be emphasized in various cases e.g. auctions, economic networks etc.
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