Microeconomics I
Objectives
Understand the fundamental concepts of microeconomics at an
advance level.
Develop technical capabilities to understand these concepts.
Apply these concepts to own research.
Reflect on appropriate modelling devices.
Apply formal modelling in economics and be aware of its capabilities and limits.
General characterization
Code
6120
Credits
8
Responsible teacher
TBA
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
n/a
Bibliography
TBA
Teaching method
In the first half of the semester classes will be in 6 days, in order to coordinate with ETN program. In this part of the course, theory will be presented.
In the second half of the semester, we will continue with by-weekly lectures combining theory and presentation of problems solved by students.
Evaluation method
Final Exam 50%
Midterm 30%
Class participation 20%
Subject matter
Classic consumer theory
Revealed preferences (WAR, SARP)
Producer theory (technology, cost, duality)
Choice under uncertainty (lotteries, preferences, expected
utility)
Game theory (strategic form games, Nash equilibrium,
extensive form games, SPE, Bayesian games and equilibrium games)
Concepts from behavioural economics