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Graduate microeconomics II

academic year

Course teacher(s)

Patrick LEGROS (Coordinator)

ECTS credits


Language(s) of instruction


Course content

see my web page at http://plegros.net/content/micro2

We will analyze environments in which some of the main assumptions underlying the two welfare theorems of general equilibrium are not satisfied: mainly information asymmetries and externalities. The purpose is to introduce and apply concepts or tools from information economics, decision under uncertainty, contract theory and mechanism.

Objectives (and/or specific learning outcomes)

At the end of the course, the students will be able to :

  • Chose the appropriate tools to engage in applied or more fundamental work in microeconomics and its applications.

  • Analyze environments in which some of the main assumptions underlying

  • Understand by modeling an issue what would be the effects

Teaching methods and learning activities


Contribution to the teaching profile

The course contributes to the developments of the following skills :

  • Use data mining and management techniques as well as financial modeling to develop decision, evaluation or management tools

  • Comprehensively assess potential solutions using economic, financial and other criteria as relevant to the situation at hand.

  • Solve complex problems arising in economic, financial and public policy contexts to transfer knowledge in realistic solutions to operationalize solutions.

References, bibliography, and recommended reading

[M] MasColell, Andreu, Whinston, Michael and Green, Jerry (1995). Microeconomic Theory, Oxford University Press. [F] Fudenberg, Drew and Tirole, Jean (1993) Game Theory, MIT Press. [L] Laffont, Jean-Jacques (1995). The Economics of Uncertainty and Information, The MIT Press. [H] Harris, Milton (1987). Dynamic Economic Analysis, Oxford University Press. see also the web page of the course at www.plegros.net for more documentation; in particular slides for the lectures will be available for download to registered students.

Other information




Method(s) of evaluation

  • Other

problems sets, mid-term exam and a final written exam.

Mark calculation method (including weighting of intermediary marks)

final written exam : 50%

mid-term exam : 40%

continuous assessments : 10%

Language(s) of evaluation

  • english