Courses Exchange Display 2021-2022

Course Description To PDF
Course title Advanced Microeconomics
Course code EBC4232
ECTS credits 5,0
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 30-8-2021 15-10-2021 X X
Level Advanced
Coordinator Hannes Rusch
For more information: h.rusch@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 University Press.
Prerequisites
Intermediate Microeconomics at the level of Hal Varian's "Intermediate Microeconomics: a modern approach."
Basic calculus.
Keywords
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
Master Economics - Global Challenges and Macroeconomic Policy Compulsory Course(s)
Master Economics - Market Regulation and Design Compulsory Course(s)
Master Economics - No specialisation Compulsory Course(s)
Master Economics - Digitalisation and the Future of Learning and Work Compulsory Course(s)
SBE Exchange Master Master Exchange Courses