Microeconomics 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 00.17
Venue II: 
FU Berlin, Boltzmannstr. 20, Room HS 328
Venue III: 
HU Berlin, Spandauerstr. 1, Room 203
Description: 

Instructors:
Paul Heidhues - ESMT, Schlossplatz 1, Room 00.17 (April 13 to May 4, 2015)
Helmut Bester - FU, Boltzmannstr. 20, Room HS 328 (May 11 to June 8, 2015 - no class on May 25)
Roland Strausz - HU, Spandauerstr. 1, Room 203 (June 15 to July 13, 2015)

Description of the course:
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:
Final Exam (13.07.2015)

Credits: 
9.00
Program: 
Semester: 
Spring 2015
End date of the whole course: 
Monday, July 13, 2015 - 4:00pm