Advanced Microeconomic Analysis II

Time I: 
Monday,
12:00pm to 04:00pm
Time II: 
Thursday,
12:00pm to 02:00pm
Venue I: 
Various locations: ESMT, FU, HU (room 22)
Venue II: 
SPA1, room 23
Description: 

The intention of the course is to familiarize students with the standard tool of modern economic theory and to train them in applying these tools to actual economic problems. It is particularly devoted to market failures and welfare economics. The first part (Part III in MWG) outlines properties of competetive markets and welfare analysis in a partial equilibrium context. It then focuses on the three classical contidions under which market outcomes lead to an inefficient allocation of resources: externalities, imperfect competition and asymmetric information. The second part (Part V in MWG) addresses fundamental issues of welfare economics from the perspective of a policy maker who desingns and implements collective decisions. It focuses in particular on social choice theory, the foundations of bargaining and welfare economics, and mechanism design. The course addresses these issue both from a positive and normative perspective.
Literature:
Mas-Colell, Whinston, and Green (1995), Microeconomic Theory (MWG), Part III and Part V
Times and Venues:
April 16 - May 7 at ESMT Berlin, Schlossplatz 1, in the corresponding rooms:
April 16, 30 and May 7: Bookshop
April 23: Seminar room 00.17
May 14 - July 11 at FU Berlin, Garystrasse 21, room 108a
June 18 - July 9 at HUB, Room 22, Spandauer Strasse 1

Final exam: tba.

Exercises: Tianchi Li, Thursdays, 12 - 2pm, HU, SPA 1, room 23

Credits: 9

Credits: 
9.00
Program: 
Semester: 
Spring 2018
Affiliation: 
European School of Management and Technology
Freie Universität Berlin
Humboldt-Universität zu Berlin
End date of the whole course: 
Thursday, July 19, 2018 - 4:00pm