Courses Master Display 2020-2021
|Course Description||To PDF|
|Course title||Advanced Microeconomics|
For more information: firstname.lastname@example.org
|Language of instruction||English|
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.
PLEASE NOTE THAT THE INFORMATION ABOUT THE TEACHING AND ASSESSMENT METHOD(S) USED IN THIS COURSE IS WITH RESERVATION. THE INFORMATION PROVIDED HERE IS BASED ON THE COURSE SETUP PRIOR TO THE CORONAVIRUS CRISIS. AS A CONSEQUENCE OF THE CRISIS, COURSE COORDINATORS MAY BE FORCED TO CHANGE THE TEACHING AND ASSESSMENT METHODS USED. THE MOST UP-TO-DATE INFORMATION ABOUT THE TEACHING/ASSESSMENT METHOD(S) WILL BE AVAILABLE IN THE COURSE SYLLABUS.
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.
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 University Press.
Intermediate Microeconomics at the level of Hal Varian's "Intermediate Microeconomics: a modern approach."
|Teaching methods (indicative; course manual is definitive)||PBL / Lecture / Assignment|
|Assessment methods (indicative; course manual is definitive)||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||