Lecture: Advanced Microeconomics (L) - Details

General information

Course name	Lecture: Advanced Microeconomics (L)
Semester	WiSe 2025/26
Current number of participants	40
Home institute	VWL, insb. Empirische Mikroökonomik
Courses type	Lecture in category Offizielle Lehrveranstaltungen
Next date	Friday, 13.02.2026 08:30 - 10:30, Room: Großer Hörsaal [WiWi]
Lehrsprache(n)	Englisch

Lecturers

• Dr. Juliane Hennecke

Rooms and times

Großer Hörsaal [WiWi]

Wednesday: 10:15 - 11:45, weekly (14x)

Friday, 13.02.2026, Friday, 20.03.2026 08:30 - 10:30

Fields of study

• Juristische und Wirtschaftswissenschaftliche Fakultät > Wirtschaftswissenschaftlicher Bereich - School of Economics and Business > Master
• Lectures and Courses in English (International Studies) > Faculty of Law, Economics and Business

Module assignments

• Mathematik MathematikMA120, Version of accreditation (WS 2013/14 - SoSe 2023) > Anwendungsfach Wirtschaftswissenschaften > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Informatik InformatikMA120, Version of accreditation (WS 2016/17 - WS 2022/23) > Volkswirtschaftslehre > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Wirtschaftsmathematik WirtschaftsmatheMA120, Version of accreditation (WS 2013/14 - SoSe 2023) > Wirtschaftswissenschaften > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Mathematik MathematikMA120, Version of accreditation valid from WS 2022/23 > Anwendungsfach Wirtschaftswissenschaften (20 LP sind zu erbringen) > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Volkswirtschaftslehre Eur.u.int.Wirtsch.MA120, Version of accreditation valid from WS 2020/21 > 1.1.1. Wirtschaftswissenschaften > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Volkswirtschaftslehre Economics MA120, Version of accreditation valid from WS 2019/20 > Pflichtmodule > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Betriebswirtschaftslehre BWL (Business Stud.)MA120, Version of accreditation valid from WiSe 2023/24 > 2.3.1 Wahlbereich Organizational Behavior and Ethics > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Informatik InformatikMA120, Version of accreditation valid from SoSe 2023 > Volkswirtschaftslehre > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)
• Volkswirtschaftslehre Eur.u.int.Wirtsch.MA120, Version of accreditation valid from WS 2020/21 > 2.2.1. Wirtschaftswissenschaften > WIW.06731.03 - Advanced Microeconomics, valid from WS 2020/21 > Course 1: Lecture (Vorlesung)

Comment/Description

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.