Microeconomics I

Time I: 
Monday,
12:00pm to 04:00pm
Venue I: 
HU Berlin, Spandauer Str. 1, Room 203
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.

Literature: Mas-Colell, A., Whinston, M.D. and J.R. Green (1995), Microeconomic Theory, Oxford University Press
Exam (written? If yes: One or two exam dates?): yes, four midterms and one final exam date (tba)

Credits: 
9.00
Program: 
Semester: 
Fall 2016
Affiliation: 
Humboldt-Universität zu Berlin
End date of the whole course: 
Monday, February 13, 2017 - 4:00pm