PG Lesson V-Microeconomic Theory and Public Policy

This class presents microeconomic theory and applications of consumer and producer behavior and welfare analysis at an intermediate level. In addition to standard competitive models, we study deviations due to externalities, asymmetric information, and imperfect rationality. 

Lecture Notes

Introduction and a first application: the minimum wage debate and causal inference in economics

Axioms of consumer preference and the theory of choice