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DTSTART;TZID=Europe/Berlin:20261026T103000
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SUMMARY:Microeconomics I
DESCRIPTION:Course type\nIWH-DPE Foundation Course\, CGDE First-year Course \nLecturers\nProfessor Dr Simon Wiederhold (IWH\, MLU) and Professor Dr Martin Quaas (UL) \nSummary\nThis is the first course of the first-year triple sequence in Microeconomics. \nThe aim of the first part of the course is to provide students with a thorough understanding of the microeconomic theory of demand and production. Students will learn the theoretical foundations and necessary conditions for the functioning of competitive markets. They will also gain an understanding of the concept of market power and how different market structures influence market outcomes. In addition\, students will learn how to derive key insights from these topics using appropriate mathematical tools. \nIn the second part of the course\, students will be introduced to the fundamental theorems of welfare economics in general terms and will learn how to assess their limitations. They will acquire economic concepts and methods to evaluate distributive justice\, particularly in the context of intergenerational decision-making and sustainability. \nSchedule\n12.10.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n26.10.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n09.11.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n23.11.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room \nContent\n\nFoundations and Theory of Demand\nTheory of Production and Competitive Markets\nMarket Power\n\nGeneral Equilibrium: Fundamental Theorems of Welfare Economics\nEconomic concepts of distributive justice and sustainability\n\n\n\nCourse requirements\nAttendance at all lectures is mandatory and a prerequisite to submit solutions for the assignments. \nFollowing each session\, students will receive a problem set to be completed within two weeks. To pass the course\, students must achieve an average score of at least 50 points across the four assignments. \nRequired Reading\nFoundations and Theory of Demand\nMas-Colell\, A.\, Whinston\, M. D. & Green\, J. R. (1995). Microeconomic theory. Volume 1. New York: Oxford University Press. Chapters 1-3.\nJehle\, G.A. & Reny\, P.J. (2011). Advanced Microeconomic Theory. 3rd Edition. Prentice Hall. Chapters 1-2. \nTheory of Production and Competitive Markets\nMas-Colell\, A.\, Whinston\, M. D. & Green\, J. R. (1995). Microeconomic theory. Volume 1. New York: Oxford University Press. Chapters 5 and 10.\nJehle\, G.A. & Reny\, P.J. (2011). Advanced Microeconomic Theory. 3rd Edition. Prentice Hall. Chapters 3-5.\nRobinson\, J. (1934). What is perfect competition? Quarterly Journal of Economics\, 49(1)\, 104-120.\nHsieh\, C. T.\, & Klenow\, P. J. (2009). Misallocation and manufacturing TFP in China and India. Quarterly Journal of Economics\, 124(4)\, 1403-1448. \nMarket Power\nMas-Colell\, A.\, Whinston\, M. D. & Green\, J. R. (1995). Microeconomic theory. Volume 1. New York: Oxford University Press. Chapter 12.\nJehle\, G.A. & Reny\, P.J. (2011). Advanced Microeconomic Theory. 3rd Edition. Prentice Hall. Chapters 4-5.\nDe Loecker\, J.\, & Warzynski\, F. (2012). Markups and firm-level export status. American Economic Review\, 102(6)\, 2437-2471.\nArmangué-Jubert\, T.\, Guner\, N. & Ruggieri\, A. (2025). Labor Market Power and Development. American Economic Review: Insights\, 7(2)\, 177-195.\nMertens\, M. & Mottironi\, B. (2025). Do Larger Firms Exert More Market Power? Markups and Mark-downs along the Size Distribution. Economics Letters\, 255\, 112500. \nGeneral Equilibrium: Fundamental Theorems of Welfare Economics\nMas-Colell\, A.\, Whinston\, M. D. & Green\, J. R. (1995). Microeconomic theory. Volume 1. New York: Oxford University Press. Chapter 13. \nEconomic concepts of distributive justice and sustainability\nRoemer\, J. E. (1996). Theories of Distributive Justice. Harvard University Press. \nRegistration\nPlease register for the course until September 30\, 2026 by sending an e-mail to cgde@iwh-halle.de.
URL:https://cgde-home.de/event/microeconomics-i-3/2026-10-26/
LOCATION:Halle Institute for Economic Research (IWH) – Member of the Leibniz Association\, Leipziger Straße 100\, 06108 Halle (Saale)\, conference room\, 3rd floor\, Leipziger Strasse 100\, Halle (Saale)\, Saxony-Anhalt\, 06108\, Germany
CATEGORIES:First-Year Courses
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