1Demonstrate an advanced understanding of microeconomic topics, including extensions in game theory, Pareto optimality, the Arrow-Debreu-McKenzie model, and the existence and stability of competitive equilibria.

2Identify insights game theory provides in translating informal descriptions of multi-person decision situations into formal game-theoretic problems, including the class of games in which the players are tasked to simultaneously distribute limited resources over several objects.

3Understand the perspective provided by general equilibrium analysis contrasted with partical equilibrium theory.