ECONOMIC ANALYSIS

Catalog description

The course deals with basic conceptual tools for the study of decision -making in uncertain conditions. Topics to be developed include references and risk attitude of the decision maker and the relationship of these elements to the utility maximization effect. In the second part of the course, traditional techniques of linear programming to determine particular solutions in maximization or minimization problems will be considered. We will focus on the interpretation of solutions (basic and general) and the existence of both. The third part of the course will cover basic notions of game theory. We will develop equilibrium concepts and study their applicability.