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Advanced Microeconomics is a branch of economics that provides an in-depth analysis of individual economic units such as consumers, firms, and markets. It extends the principles of basic microeconomics by employing advanced theoretical models and analytical tools to study decision-making under various market conditions.
The course focuses on how rational individuals and firms allocate scarce resources, how markets achieve equilibrium, and how economic efficiency and welfare can be evaluated. It also explores market failures, strategic interactions among firms, uncertainty, and the role of government intervention in correcting inefficiencies.