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Lehrende: Claudia Schwirplies
Veranstaltungsart:
Interaktive Lehrveranstaltung
Anzeige im Stundenplan:
Indiv Decisions
Semesterwochenstunden:
4
Credits:
10,0
Unterrichtssprache:
Englisch
Min. | Max. Teilnehmerzahl:
- | 45
Weitere Informationen:
Registration period for first-semester students Mon, 4 October 2021, 9 am to Sun, 10 October 2021, 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. Both courses include a lecture and a tutorial.
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 familiarize students with the material.
Individual Decisions, Games and Markets
The course covers some core topics in modern microeconomics. One key part of the course is devoted to game theory where we study static and dynamic games with complete and incomplete information. Classes 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 course will take place digitally. The lecture will consist of asynchronous parts, for which Dr. Schwirplies records videos on the basic topics of the lecture, as well as of live zoom calls, in which the topics are deepened and problems and students' questions are discussed.
Further information on the course of the lecture and tutorial will follow in October. All course materials (slides, exercises, literature, videos, etc.) will be made available via the OpenOlat platform.
The assessment consists of
1. Assignment of problems (oral presentations, e.g. of solutions to problem sets or of special topics that are not discussed in detail in class). Students have the opportunity to present their solution in the session where the problem set is discussed. The mark for the presentation can upgrade the mark of the final exam (conditional on pass) by a maximum of 0.7.
2. Final exam: Due to the pandemic, the exact form of the final exam will be announced in course of the semester.
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:
The course will conclude with a 70-minute exam, which will take place, depending on the pandemic, either in attendance or as a take home exam. Further information will follow in the course of the semester.
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