Microeconomics I (Advanced Microeconomic Theory)

Description:
This course is devoted to the core elements of microeconomics. We study both the economics of households and the economics of firms and introduce general equilibrium with particular attention to the two welfare theorems. We also examine decisions under uncertainty, introducing expected and non-expected utility theories. The analysis of choice under uncertainty leads to the examination of financial markets and to strategic interaction problems, which we introduce through the key notions in noncooperative game theory, in particular Nash equilibrium and its most important refinements. Also matching problems will be discussed.

Literature:
Mas-Colell, A., Whinston, M.D. and J.R. Green (1995), Microeconomic Theory, Oxford University Press

Time & venue:
Lectures: Mondays, 12:00-16:00; HU Berlin, Spandauer Str. 1, room 203
Tutorials: Tuesdays, 16:00-18:00; HU Berlin, Spandauer Str. 1, room 23

Exam:
4 written midterms and 1 written final exam

More information can be found on Moodle.