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ECON-S431

Graduate microeconomics II

année académique
2025-2026
2026-2027

Titulaire(s) du cours

Luca Paolo MERLINO (Coordonnateur)

Crédits ECTS

5

Langue(s) d'enseignement

anglais

Contenu du cours

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, network economies and mechanism.

Objectifs (et/ou acquis d'apprentissages spécifiques)

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

Méthodes d'enseignement et activités d'apprentissages

Lectures, problem sets. There could be also invited speakers.

Références, bibliographie et lectures recommandées

[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.
[J] Jackson, M. O. (2008). Social and economic networks (Vol. 3). Princeton: Princeton university press.

Support(s) de cours

  • Université virtuelle
  • Syllabus

Contribution au profil d'enseignement

The course contributes to the developments of the following skills :

  • 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.

Autres renseignements

Contacts

luca.paolo.merlino@ulb.be

Campus

Solbosch

Evaluation

Méthode(s) d'évaluation

  • Travail pratique
  • Examen écrit

Travail pratique

Examen écrit

  • Question ouverte à développement long

Problems sets and a final written exam.  The instructor reserves the right to invite any student to an additional oral examination in order to verify their personal understanding of the content of the submitted examination, particularly where inconsistencies identified in the examination prevent the instructor from properly assessing the student's level of proficiency in the knowledge and skills targeted by the course.

Construction de la note (en ce compris, la pondération des notes partielles)

Depending on the availability either:
1) Final written exam : 80%
2) Continuous assessments : 20%
or:
1) Final written exam : 100%

Langue(s) d'évaluation

  • anglais

Programmes