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A comprehensive course in economic theory designed for doctoral students in all parts of the university. Topics include consumption, production, choice under risk and uncertainty, markets, and general equilibrium theory. Topics will be motivated by appealing to related recent theoretical and applied economics research.

Undergraduates with appropriate background are welcome, subject to the instructor's approval.

Prerequisites: Required coursework in multivariate calculus and probability theory. Recommended exposure to proof-based mathematics course, such as real analysis. Background in microeconomic theory at the intermediate level is helpful. Students may receive credit for both API-111 and API-101/API-105 only if API-101/105 is taken first. API-111 and API-109 cannot both be taken for credit. Also offered by the Economics Department as Ec 2020a and by the Business School as 4010.