Microeconomics I (Advanced Microeconomic Theory)

Guest Instructor: 
Michael Zierhut
Dmitriy Knyazev
Time I: 
Monday,
12:00pm to 04:00pm
Time II: 
Thursday,
02:00pm to 04:00pm
Time III: 
Friday,
04:00pm to 06:00pm
Venue I: 
TU Berlin, Straße des 17. Juni 135, Main Building, room H 0106
Venue II: 
HU Berlin, Spandauer Str. 1, room 21a
Venue III: 
HU Berlin, Spandauer Str. 1, room 21b
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

Time and venue:
Lectures: Mondays, 12:00-16:00, TU Berlin, Straße des 17. Juni 135, Main Building, room H 0106
Tutorials: Thursdays, 14:00-16:00, HU Berlin, Spandauer Str. 1, room 21a or Fridays, 16:00-18:00, HU Berlin, Spandauer Str. 1, room 21b

Exam:
4 written midterms and 1 written final exam

Credits: 
9.00
Semester: 
Fall 2019
Affiliation: 
Humboldt-Universität zu Berlin
Technische Universität Berlin
Wissenschaftszentrum Berlin für Sozialforschung