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 


Programs

Programs where the course is taught: