Lecture: Advanced Microeconomics (L) - Details

Lecture: Advanced Microeconomics (L) - Details

Allgemeine Informationen

Veranstaltungsname Lecture: Advanced Microeconomics (L)
Semester WiSe 2026/27
Aktuelle Anzahl der Teilnehmenden 3
Heimateinrichtung VWL, insb. Empirische Mikroökonomik
Veranstaltungstyp Lecture in der Kategorie Offizielle Lehrveranstaltungen
Nächster Termin Mittwoch, 14.10.26, 10:15 - 11:45 Uhr
Lehrsprache(n) Englisch

Räume und Zeiten

Ohne Raum

  • Mittwoch, 10:15 - 11:45, Wöchentlich (ab dem 14.10.26)

Kommentar/Beschreibung

The course provides an introduction to modern microeconomic theory at the Master's level. It focuses on individual decision-making, general equilibrium, and game theory. The first part of the course covers consumer and producer theory, including preferences, utility maximization as well as profit and cost functions. These foundations are used to analyze market demand and supply and derive comparative statics results.

The second part of the course introduces general equilibrium theory. Students learn how individual optimization problems aggregate into market outcomes and under what conditions decentralized markets lead to efficient allocations. The course also discusses the limits of markets, including the welfare theorems, externalities, and market failures.

The third part is devoted to game theory. It introduces strategic interaction in static and dynamic settings, covering concepts such as Nash equilibrium, subgame perfection, and repeated games. Applications are drawn from industrial organization, public economics, and political economy.

Throughout the course, mathematical rigor and formal modeling are emphasized. Students will develop the ability to understand and construct proofs, critically assess theoretical models, and apply the tools of microeconomic theory to a range of economic problems. The course provides essential foundations for further theoretical and empirical work in economics.