Advanced Topics in Microeconomics


Zaradený v študijných programoch

Výsledky vzdelávania

Teaching results:
Students learn key methods and theories of microeconomics and are provided with the tools and concepts needed to understand current state of research in microeconomic theory. After having finished the course, students will be able to understand scientific papers and the methodologies representing the research frontier of microeconomic theory. The aim of the course is to familiarize students with standard microeconomic theory and based on the acquired theoretical knowledge to develop students' analytical skills so that they are able to analyze real microeconomic problems, identify their causes and solutions. The course is focused at presenting standard microeconomic theory, enabling students to critically examine existing theory and construct alternatives. Also, it aims to prepare students for conducting an independent research. The topics discussed are not presented solely from the technical and theoretical perspectives, but applications, open questions and existing debates are also studied. The ways to choose among those, to construct theories and to develop theoretical arguments will be also discussed. The topics covered may vary from year to year so as a wide range of topics was surveyed, but at the same time, sufficient analytical depth was ensured.

Stručná osnova predmetu

Indicative content:
Preferences, choice and demand. Production. Partial equilibrium. Expected utility. Static games. Dynamic games and beliefs. Market power and product differentiation. Adverse selection, signaling and screening. Principal agent problems. General equilibrium. Welfare. Social choice and aggregation.

Odporúčaná literatúra

Jehle, G. A. Advanced Microeconomic Theory. Pearson Education Limited, 2010. ISBN: 0273731912
Mas-Colell, A., Whinston, M.D., Green, J.R. Microeconomic Theory. New York, NY: Oxford University Press, 1995. ISBN: 9780195073409.
Varian, Hal R. Microeconomic Analysis. 3rd ed. New York, NY: W.W. Norton, 1992. ISBN: 9780393957358.
Kreps, D. M. Microeconomic Foundations I: Choice and competitive markets, Princeton University Press. ISBN-10: 0691155836. ISBN-13: 978-0691155838
Osborne, M. J. An Introduction to Game Theory. New York, NY: Oxford University Press, 2003. ISBN: 9780195128956.
Further readings:
Krishna, V. Auction Theory. Burlington, MA: Academic Press, 2002. ISBN: 9780124262973.
Klemperer, Paul. Auctions: Theory and Practice. Princeton, NJ: Princeton University Press, 2004. ISBN: 9780691119250.
Bowles, S. Microeconomics: Behavior, Institutions and Evolution, Princeton University Press, 2006
ISBN-10: 0691126380, ISBN-13: 978-0691126388
Bulow, J., Roberts, J. "The Simple Economics of Optimal Auctions." Journal of Political Economy (University of Chicago Press) 97, no. 5 (1989): 1060-90.
Gul, F. "A Nobel Prize for Game Theorists: The Contributions of Harsanyi, Nash and Selten." Journal of Economic Perspectives (American Economic Association) 11, no. 3 (1997): 159-74.
Kahneman, D., Tversky, A. "Prospect Theory: An Analysis of Decision Under Risk." Econometrica 47 (1979): 263-291.
Myerson, R.B. "John Nash's Contribution to Economics." Games and Economic Behavior 14, no. 2 (1996): 287-295.
Nash, J. "The Bargaining Problem." Econometrica (Econometric Society) 18, no. 2 (1950): 155-162.
Riley, J. G., Samuelson, W.F. "Optimal Auctions." American Economic Review (American Economic Association) 71, no. 3 (June, 1981): 381-392.
Note: The list of readings will be updated annually based on the updates in the syllabus.

Podmienky na absolvovanie predmetu

Requirements to complete the course:
260 hours of work
40% - two research papers
10% - active contribution to discussions in class
50% - written exam

Dátum schválenia: 13.02.2023

Dátum poslednej zmeny: 14.06.2021

Dátum schválenia: 13.02.2023

Dátum poslednej zmeny: 14.06.2021