Jul 26, 2025  
OHIO University Graduate Catalog 2024-25 
    
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ECON 5031 - Advanced Microeconomics

This course is the second course in a two-course sequence in microeconomics theory. It addresses the concepts of general equilibrium, welfare economics and imperfect competition.

Requisites: ECON 5030
Credit Hours: 4
Repeat/Retake Information: May not be retaken.
Lecture/Lab Hours: 3.0 lecture
Grades: Eligible Grades: A-F,CR,PR,WP,WF,WN,FN,AU,I
Learning Outcomes:
  • Students will be able to discuss models with markets under imperfect competition including but not limited to monopoly and oligopoly models.
  • Students will be able to analyze problems in welfare economics including application of the main welfare theorems.
  • Students will be able to use general equilibrium models of exchange.
  • Students will be able to demonstrate the welfare theorems in general equilibrium using an Edgeworth Box model.
  • Students will be able to apply the basic concepts in game theory, including but not limited to Best Response and Nash Equilibrium, to the canonical game models.
  • Students will be able to apply knowledge of asymmetric and hidden action problems including moral hazard and adverse selection.
  • Students will be able to analyze and solve mathematical models of advanced complexity in microeconomics.
  • Students will be able to apply calculus techniques to model solutions.


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