14.123 | Spring 2015 | Graduate

Microeconomic Theory III

Course Description

This course covers models of individual decision-making under certainty and uncertainty. Applications include risk sharing and financial markets; contracts and information economics; village economies and national development; models with money and credit; trade, spatial economics and differentiated commodities.
Learning Resource Types
Problem Sets with Solutions
Exams with Solutions
Lecture Notes
A photograph of a store window with an outline of the state of Texas in neon. Inside the outline are the words "Play Lottery."
A neon sign in a store window lures passersby to come in and buy a lottery ticket. Playing the lottery is considered “decision making under risk” in the field of microeconomics. (Image courtesy of Ana Belén Ramón on Flickr. License: CC BY-NC-SA.)