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This course is an advanced course in microeconomics. It introduces the basic concepts of microeconomics and discusses them in depth. In the first part of the course (weeks 1 to 5), we present the theory of individual choice based on rational preferences and apply it to consumers and producers. Then, we study competitive equilibrium, equilibrium efficiency and market failures. The second part of the course (weeks 6 to 10) is devoted to the economics of uncertainty and financial markets.

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