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Syllabus ADVANCEDMICRO

This document provides information about the Advanced Microeconomics course for Fall 2022 including the instructors, Riccardo Saulle and Bruno Parigi, main references for the course, objectives, prerequisites, grading policy, and class policies. The content will cover topics like consumer theory, producer theory, equilibrium, game theory, market structure, preferences under uncertainty, mechanism design, information issues, and incentives. The course aims to introduce and extend major microeconomics topics to provide students with fundamentals for higher-level economics.

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احمد المصري
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121 views2 pages

Syllabus ADVANCEDMICRO

This document provides information about the Advanced Microeconomics course for Fall 2022 including the instructors, Riccardo Saulle and Bruno Parigi, main references for the course, objectives, prerequisites, grading policy, and class policies. The content will cover topics like consumer theory, producer theory, equilibrium, game theory, market structure, preferences under uncertainty, mechanism design, information issues, and incentives. The course aims to introduce and extend major microeconomics topics to provide students with fundamentals for higher-level economics.

Uploaded by

احمد المصري
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Advanced Microeconomics

Fall 2022

Instructors: Riccardo Saulle Bruno Parigi


Email: [email protected] [email protected]

Office Hours: After class, or by appointment.

Main References: This is a restricted list of various interesting and useful books that will be touched
during the course. You need to consult them occasionally.

• Kreps, D, Microeconomic Foundations I, Princeton University Press, 2013

• Jehele, G., Reny, P., Advanced Microeconomic Theory, Paerson, 1998

• Varian, H., Microeconomic Analysis, Norton, 1994

• Rubinstein, A., Models of Microeconomic Theory , OpenBook Publishers, 2020

• Tadelis, S., Game Theory: An Introduction, Princeton University Press, 2013

• Belleflamme, P., Peitz, P., Industrial Organization: Markets and Strategies, Cambridge University
Press, 2015

Objectives: The aim of the course is to introduce and extend major topics in microeconomics including
consumer theory, production theory, economics of uncertainty, information asymmetry, signaling. At the
end of the course, students will have the groundwork necessary for taking economics to a higher level.

Prerequisites: An undergraduate-level understanding of microeconomics and mathematics is assumed.

Content:

1. Consumer Theory

• Preferences Theory, Utility Theory, Demand Functions

2. Producer Theory

• Technology and Production, Profit Maximization, Cost Minimization, Monopoly Theory

3. Equilibrium

• Exchange Economy, Walrasian Equilibrium, Welfare Theorems

4. Game Theory I

• Games of Complete Information

5. Market Structure with Complete Information

• Models of Imperfect Competitions: Cournot, Bertrand, Edgeworth, Hotelling, Salop, Stackelberg

MIDTERM EXAM (around 3/11/2022)

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Advanced Microeconomics

6. Preferences under Uncertainty

• Lotteries, Expected Utility, Certainty Equivalent, Risk Premium, Risk Aversion

7. Game Theory II

• Games of Incomplete Information

8. Mechanism Design

• Auctions, Vicky-Clarke-Gloves Mechanism

9. Information: Moral Hazard and Adverse Selection

• Demand for Insurance, Demand for insurance under moral hazard and adverse selection

10. Incentives

• Principal Agent Model and applications

Grading Policy:

• Participation (10%), Presentation (10%), Written Intermediate Exam (40%), Final Exam (40%).

• Participation (10%), Presentation (10%), Final Exam (80%).

• Final Exam (100%)

The Final exam can be either written or oral at the teacher’s discretion.

Class Policy: Regular attendance is essential and expected.

Language: English.

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