Course teacher(s)
Luca Paolo Merlino (Coordinator)ECTS credits
5
Language(s) of instruction
english
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 :
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Chose the appropriate tools to engage in applied or more fundamental work in microeconomics and its applications.
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Analyze environments in which some of the main assumptions underlying
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Understand by modeling an issue what would be the effects
Teaching methods and learning activities
Lectures
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.
Contribution to the teaching profile
The course contributes to the developments of the following skills :
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Use data mining and management techniques as well as financial modeling to develop decision, evaluation or management tools
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Comprehensively assess potential solutions using economic, financial and other criteria as relevant to the situation at hand.
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Solve complex problems arising in economic, financial and public policy contexts to transfer knowledge in realistic solutions to operationalize solutions.
Other information
Contacts
plegros@ulb.ac.be
Evaluation
Method(s) of evaluation
- Other
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