Microeconomic Analysis II

Time I: 
Monday,
12:00pm to 04:00pm
Time II: 
Monday,
12:00pm to 04:00pm
Time III: 
Monday,
12:00pm to 04:00pm
Venue I: 
ESMT, Schlossplatz 1, Room 00.21
Venue II: 
FU Berlin, Boltzmannstrasse 20, Room 328
Venue III: 
HU Berlin, Spandauerstr. 1, Room 203
Description: 

This course is devoted to market failures and welfare economics. The first part focuses on the three classical conditions under which market outcomes lead to an inefficient allocation of resources: externalities, imperfect competition and asymmetric information. It addresses these questions both from a positive and normative perspective. The second part 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 intention of the course is to familiarize students with the standard tools of modern economic theory and to train them in applying these tools to actual economic problems.

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

Exam:
Written exam (90 min)

Locations:
ESMT, Schlossplatz 1, Room 00.21 (April 8 to April 29, 2013)
FU (May 6 – June 3, 2013)
HU, Spandauerstr. 1, Room 203 (from June 10, 2013)

Credits: 
9.00
Program: 
Semester: 
Spring 2013
End date of the whole course: 
Monday, July 8, 2013 - 4:00pm