Advanced Microeconomic Analysis II

Time I: 
Monday,
12:15pm to 03:45pm
Time II: 
Thursday,
12:15pm to 01:45pm
Venue I: 
Various locations: ESMT, FU, HU
Venue II: 
HU Berlin, Spandauer Straße 1, Room 203
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 competitive markets and welfare analysis in a partial equilibrium context. It then focuses on the three classical conditions 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 designs 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 issues both from a positive and normative perspective.

Literature:
Mas-Colell, Whinston, and Green (1995), Microeconomic Theory (MWG), Part III and Part V

Time and venue:
Lectures: Mondays (except for April 11), 12.15 - 3.45 pm
April 8, 11, 29, May 6: ESMT Berlin, Schloßplatz 1, room 00.17 & room 'Bookshop' (only May 6)
May 13, 20, 27, June 3: FU Berlin, Garystraße 21, lecture hall 108a
June 17, 24, July 1, 8: HU Berlin, Spandauer Straße 1, room 203

Exercises: Tianchi Li, Thursdays, 12 - 2 pm, HU Berlin, Spandauer Straße 1, room 203

Final exam:
tba

Credits: 
9.00
Program: 
Semester: 
Spring 2019
Affiliation: 
European School of Management and Technology
Freie Universität Berlin
Humboldt-Universität zu Berlin