Courses Master Display 2017-2018

Course Description To PDF
Course title Advanced Microeconomics
Course code EBC4201
ECTS credits 6,5
Assessement None
Period
Period Start End Mon Tue Wed Thu Fri
1 4-9-2017 27-10-2017 X X
4 5-2-2018 6-4-2018 X X
Level Advanced
Coordinator Dominik Karos
For more information: d.karos@maastrichtuniversity.nl
Language of instruction English
Goals
Students will learn the necessary analytical tools in order to solve problems related to consumer utility maximization and choice under uncertainty, as well as to analyse and solve strategic decision problems involving firms and individuals.
Description
This course serves as the foundation in microeconomic theory and game theory. As such the course introduces the necessary tools to model both individual and strategic decision environments. The main topics include consumer theory (utility maximization and choice under uncertainty) as well as introducing students to static games of complete information, dynamic games of complete information, static games of incomplete information and dynamic games of incomplete information. For each class of games, the appropriate equilibrium concept is defined.
Literature
For consumer theory, books such as:
Walter Nicholson and Christopher Snyder (2008) "Microeconomic Theory: Basic Principles and Extensions," 10th edition, Thomson South- Western.
Hal Varian (1992) "Microeconomic Analysis", 3rd edition, Norton.
Geoffrey Jehle and philip Reny (2011) "Advanced Microeconomic Theory", 3rd edition, Prentice Hall

For game theory, books such as:
Robert Gibbons (1992) "A Primer in Game Theory," Prentice Hall.
Martin Osborne(2004) "An Introduction to Game Theory," Oxford Uiversity Press.
Prerequisites
Intermediate Microeconomics at level of Hal Varan's "Intermediate Microeconomics: A Modern Approach" and basic calculus. The ideas and methods developed in the course will be used and deepened in the courses Strategic Firm Behaviour & Competition Policy (EBC4194) Economics @work (EBC4196), Human Behaviour & Economic Policy (EBC4202) and Negotiation & Allocation (EBC4193).
Teaching methods PBL / Lecture / Assignment
Assessment methods Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Economics Competition & Regulation
Master Economics European Economic Policy
Master Economics Global Innovation Economics
Master Economics Managerial Economics
Master Economics Public Economics
Master Economics Social Economics