Advanced Microeconomics
Code
1111
Academic unit
null
Department
null
Credits
7,5
Teacher in charge
Paulo Côrte-Real
Teaching language
English
Objectives
The main purpose of the course is to provide more advanced tools for microeconomic analysis, including general equilibrium and welfare analysis, the identification of market failure and possible policy solutions, modeling strategic interaction and choice under uncertainty and applying these tools to situations of asymmetric information.
Prerequisites
Mandatory Precedence:
- 1100. Introduction to Microeconomics
Subject matter
1. General Equilibrium and Welfare
2. Externalities and Public Goods
3. Game Theory
4. Uncertainty
5. Asymmetric Information
Bibliography
Prajit K. Dutta, Strategies and Games - Theory and Practice, 1999, MIT Press Hal Varian, Intermediate Microeconomics: a Modern Approach, Norton, New York, 9th edition, 2014
Teaching method
Each week there will be two lectures (1.5 hours each) and one section (also 1.5 hours). Students are expected to attend the lectures and understand the concepts, the models and their underlying assumptions, and to attend and actively participate in the sections that are devoted to applications (both real-life examples and exercises).
Evaluation method
The final grade in the regular exam period (including grade improvement) is based on:
A Final Exam
B Midterm (compulsory)
The final grade will be 0.7A + 0.3B if A ≥ 8.0; A if A < 8.0
The final grade in the Resit Exam period is based exclusively on the Resit Exam.