Critically discuss the usefulness of microeconomics in real life.

Risk and uncertainty in Economics and Business
Adverse selection and Moral Hazard problems, applications to insurance market, labour market
Topics in Game Theory, equilibrium strategies, auction, bargaining
Principal-agent theory, incentives in organization, multitasking
theory of firm, transaction cost economics
Empirical analysis of the transaction costs
Experimental investigations of economic behaviours with reference to the concepts of altruism, trust and reciprocity
Economics of individual and social responsibilities
Examples and diagrams are used where appropriate.
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