Graduate microeconomics I

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.

After the course the students should be able to use the basic tools of microeconomics and game theory to conduct their own research.

Required and Corequired knowledge and skills

Mathematical prerequisites are convexity and optimization.

24 hours of lectures + homework/solving problem sets + Q+A sessions.

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

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

Contacts

georg.kirchsteiger@ulb.be

Campus

Solbosch

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