Lecturer: several lecturers
Begin: 18.10.2023
Work load: 150 hours / 6 ECTS
Lecture: Bi-weekly, 16 x 90 minutes / in person at IWH
Time: 10:30–12:00 and 13:00–14:30
I. Theory of Demand and Production (Day 1)
a) Demand Theory
b) Production
Date: 18.10.2023
Lecturer: Professor Dr Simon Wiederhold, IWH & MLU Halle-Wittenberg
II. Market Structure, Competitive Markets, And Market Power (Day 2)
a) Competitive Markets
b) Market Power
Date: 01.11.2023
Lecturer: Professor Dr Simon Wiederhold, IWH & MLU Halle-Wittenberg
III. Uncertainty (Day 3)
a) Expected Utility Theory
Date: 15.11.2023
Lecturer: Professor Dr Marcel Thum, TU Dresden & ifo Dresden
IV. Games of Complete Information (Day 4)
a) Bargaining Theory
Date: 29.11.2023
Lecturer: Professor Dr Marcel Thum, TU Dresden & ifo Dresden
V. General Equilibrium (Day 5)
a) Externalities and General Equilibrium Theory
Date: 13.12.2023
Lecturer: Professor Dr Martin Quaas, Leipzig University
VI. Dynamic Equilibrium and Welfare (Day 6)
a) Intertemporal Optimization and Welfare Economics
Date: 20.12.2023
Lecturer: Professor Dr Martin Quaas, Leipzig University
VII. Games of Incomplete Information (Day 7)
a) Bayesian Games
Date: 17.01.2024
Lecturer: Professor Shuo Xia, PhD, IWH and Leipzig University
VIII. Informational Economics (Day 8)
a) Hidden Information Problem (screening, signalling)
b) Hidden Action Problem (moral hazard)
Date: 31.01.2024
Lecturer: Professor Shuo Xia, PhD, IWH and Leipzig University
Problem sets
There will be eight assignments throughout the term. At the end of each day, the lecturer will post assignments, which are due on the day before the next lecture (11.59 pm). In order to complete the course, six problem sets (at least one of every lecturer) will have to be successfully passed.
Selected Textbook
Mas-Colell, A., Whinston, M. D., & Green, J. R. (1995). Microeconomic theory (Vol. 1). New York: Oxford university press.