Microeconomics II
Objectives
The course (*) covers:
(i) general equilibrium and welfare analysis
(ii) an overview of the main instances of market failure, including a game - theoretic analysis of asymmetric information
(iii) mechanism design and social choice
(* the updated course’s syllabus will be available to students at the beginning of each academic term)
General characterization
Code
6121
Credits
8
Responsible teacher
Prof Doutor Paulo Pamplona Côrte-Real
Hours
Weekly - Available soon
Total - Available soon
Teaching language
English
Prerequisites
n/a
Bibliography
Mas-Colell A, Whinston MD and Green JR (1995)
Microeconomic Theory. Oxford University Press, New York.
Fudenberg D and Tirole J (1996) Game Theory. The MIT Press, Cambridge, MA.
Teaching method
Each week there will be one lecture. Students are expected to attend the lectures and to follow the discussion and proofs of the main results, as well as applications to different economic settings. Students are also expected to solve problem set that require them to look for relevant references, in addition to applying the concepts, results and methodologies seen in class.
Evaluation method
Grade = 0.3*Problem set + 0.35*Midterm + 0.5*Exam
Subject matter
1 General Equilibrium
2 Market Failure
3 Welfare Economics and Incentives