Assessment: The grade will be based on problem sets (20%), two midterms (25%+25%) and a final (30%).

• Problem sets:20%

To be turned in as a group. The problem sets are important, indispensable part of the course; you should spend considerable time and effort on them. I strongly encourage you to work on the problem sets in study groups. However, before meeting with your group you should have attempted each question - study groups work best when they facilitate learning from each other, not when they are used simply to permit division of labor.

• Midterm I (25%): Date 2017/10/23.

Midterm II (25%): Date 2017/11/27.

        Final Exam (30%): Date 2018/01/08

Microeconomic Theory by MasColell, A., Whinston, M., and Green, J., Oxford University Press, New York, 1995.

A Course in Microeconomic Theory by David Kreps, Princeton University Press, 1990.