Microeconomics I (Advanced Microeconomic Theory)

Guest Instructor: 
Michael Zierhut
Time I: 
Monday,
12:00pm to 04:00pm
Venue I: 
Spandauer Str. 1, 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. Also matching problems will be discussed.

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

Exam (written): 4 midterms and 1 final exam

Credits: 
9.00
Semester: 
Fall 2018
Affiliation: 
Humboldt-Universität zu Berlin