Course teacher(s)
Georg KIRCHSTEIGER (Coordinator)ECTS credits
10
Language(s) of instruction
english
Course content
In this course students learn the fundamental building blocks of microeconomic theory and game theory. Topics are the theories of consumption and production; decision under risk and uncertainty; partial equilibrium; general equilibrium (existence, uniqueness and stability) and the two welfare theorems; core and cooperative game theory; normal form games with complete and incomplete information; extensive form games.
Objectives (and/or specific learning outcomes)
After the course the students should be able to use the basic tools of microeconomics and game theory to conduct their own research.
Prerequisites and Corequisites
Required and Corequired knowledge and skills
Mathematical prerequisites are convexity and optimization.
Teaching methods and learning activities
24 hours of lectures + homework/solving problem sets + Q+A sessions.
References, bibliography, and recommended reading
Mas-Colell, A., M. D. Whinston and J. R. Green (1995) Microeconomic Theory, Oxford University Press.
Fudenberg, D. and J. Tirole (1992), Game Theory, MIT Press.
Course notes
- Université virtuelle
Contribution to the teaching profile
This course contributes to the following program learning objectives:
LO 1.2 - Assess the quality of an economic research produced by others
LO 1.3 - Identify and analyse an issue using the relevant analytical tools and methods
LO 2.1 - Adopt a scientific approach to data collection, research and analysis and communicate results with clear, structured and sophisticated arguments
LO 2.2 - Display critical thinking and develop autonomous learning strategies and techniques
LO 3.2 - Thorough and critical ability to use empirical and statistical tools in economics
LO 4.1 - Work and communicate effectively as part of a team in an international and multicultural environment
Other information
Evaluation
Method(s) of evaluation
- written examination
written examination
Mark calculation method (including weighting of intermediary marks)
grade of the course = grade of the final exam
Language(s) of evaluation
- english