ADVANCED MICROECONOMICS

Dieses Modul findet in englischer Sprache statt.

No advance registration is required. The password for Stud.IP will be announced during the first session.

AUF EINEN BLICK

Lecturer:
Prof. Dr. Claudia Keser

Persons responsible for module:
Christina Ehrich, M.A.
Dr. Tanmoy Das

EXAMINATION

Written examination (90 minutes, after first part).

EXAMINATION REQUIREMENTS

• Understand advanced economic models.


• Understand the main concepts of individual choice theory.


• Apply techniques developed in the lecture and exercise, such as the method of Lagrange multipliers or the Edgeworth Box.


• Demonstrate basic knowledge of the theory of partial and general equilibrium.


• Solve analytical exercises.


• Find game-theoretical solutions to strategic interactions.


• Conduct advanced calculations.

ADMISSION REQUIREMENTS

None.

LEARNING OUTCOMES AND CORE SKILLS

This course covers advanced microeconomic models. Students acquire the calculus and basic proof techniques required to understand these models. They learn to formalize and analyze individual decision-making and strategic interactions and become acquainted with models of individual choice under certainty and uncertainty.

Students will be able to analyze firms’ decision problems, distinguish between partial analysis of isolated markets and general analysis considering mutual dependencies between markets, and predict theoretical outcomes of strategic interactions using a variety of solution concepts.

CONTENTS

1. Rational choice under certainty


2. Consumer theory


3. Rational choice under uncertainty


4. Partial equilibrium


5. General equilibrium


6. Game theory