R100.pdf
www.econ.cam.ac.uk/graduate/mphil/modules/R100.pdf
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Risk aversion
standard economic models of individual decision-making with and without uncertainty, models of consumer behaviour and producer behaviour under perfect competition and the Arrow-Debreu general equilibrium model.
theory of social choice and government decision making
when these preferences can be represented in a more tractable form by utility functions.
economists were trying to better understand the insights of Adam Smith by formalizing a theory of markets.
critically analyses the assumptions underlying the welfare theorems, paying particular attention to the problems that arise when there is asymmetric information
General Equilibrium
Asymmetric Information
Externalities
Extensions to the Basic Model
Choice Theory: Preferences, Choice and Utility
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