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Lehrende: Prof. Dr. Gerd Mühlheußer
Veranstaltungsart:
Interaktive Lehrveranstaltung
Anzeige im Stundenplan:
Indiv Decisions
Semesterwochenstunden:
4
Credits:
10,0
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
- | 45
Weitere Informationen:
First registration period for courses of the first semester: Mon, 7 Oct 2019, 9:00 am to Sun, 13 Oct 2019, 11:59 pm
Kommentare/ Inhalte:
The module gives a rigorous introduction to the fundamental concepts and models of microeconomic theory. It consists of two courses: "Methods of Microeconomic Analysis", which will be taught in the first three weeks of the semester, and "Individual Decisions, Games and Markets", which will start afterwards.
Methods of Microeconomic Analysis
This course introduces students to mathematical methods that are essential for the analysis of microeconomic models. We will review central concepts and results from, for example, linear algebra, calculus of several variables, and constrained optimization. Homework assignments will be given to to familiarize students with the material.
Individual Decisions, Games and Markets
The course covers core topics in modern microeconomics such as decision theory under certainty and risk, consumer and producer theory, welfare, or contracts. One key part of the course is devoted to game theory where we study static and dynamic games with complete and incomplete information. Class meetings include lectures and in-class student presentations.
Lernziel:
At the conclusion of these courses students have the knowledge and analytical skills necessary to follow specialized courses in microeconomics and to do independent research in microeconomics. To achieve this, students must prepare for the class by working through the textbooks and additional readings and solve the assigned problem sets.
Vorgehen:
The assessment consists of
1. Assignment problems (oral presentations, e.g. of solutions to problem sets or of special topics that are not discussed in detail in class). Every student has the opportunity to submit a written solution to a problem set once, or, alternatively, to present his or her solution in the session where the problem set is discussed. The mark for the presentation or written solution can upgrade the mark of the final exam (conditional on pass) by a maximum of 0.7.
2. Final exam (closed book): Date, time, room will be announced in STiNE.
There is no separate exam for the course "Methods of Microeconomic Analysis''.
Literatur:
Some general textbooks on Advanced Microeconomics:
Jehle, A. J. and P. J. Reny (3rd ed. 2011) Advanced Microeconomic Theory, Financial Times Prentice Hall, Harlow.
Kreps, D. M. (1990) A Course in Microeconomic Theory, Princeton University Press, Princeton, New Jersey.
MasColell, A., M. D. Whinston and J. R. Green (1995) Microeconomic Theory, Oxford University Press, New York.
Varian, H. R. (3. ed. 1992) Microeconomic Analysis, Norton, New York.
Some textbooks on Game Theory:
Fudenberg, D. and J.Tirole (1991) Game Theory, The MIT Press, Cambridge, Mass.
Osborne, M. J. (2004) An Introduction to Game Theory, Oxford University Press, New York.
Osborne, M. J. and A. Rubinstein (1994) A Course in Game Theory, The MIT Press, Cambridge, Mass.
Tadelis, S. (2013) Game Theory: An Introduction, Princeton University Press, Princeton.
Some texts on Mathematics for Economists:
Jehle, A. J. and P. J. Reny (3rd ed. 2011) Advanced Microeconomic Theory, Financial Times Prentice Hall, Harlow (Mathematical Appendices).
MasColell, A., M. D. Whinston and J. R. Green (1995) Microeconomic Theory, Oxford University Press, New York (Mathematical Appendix).
Simon, C.P. and L. Blume (1994) Mathematics for Economists, Norton & Company, New York.
Zusätzliche Hinweise zu Prüfungen:
There will be two exams. Check STiNE for the exact dates of the exams.
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