| Description |
In this course we first discuss the general equilibrium model, the welfare properties of equilibria and their relationship with the core. We next discuss several possible market failures (including externalities, public goods, and market power) and policy responses to those market failures. Finally, we step away from the notion of market as externally given, and consider questions relate to the design of markets, with a special focus on auctions. The aim of this course is to give an overview of advanced topics in microeconomics.
Readings:
- Hal Varian: Microeconomic Analaysis, Norton 1992
- Geoffrey A. Jehle and Philip J. Reny: Advanced Microeconomic Theory, 3rd Edition, Pearson 2011
Further readings:
- Andreu Mas-Collel, Michael Whinston and Jerry Green: Microeconomic theory, OUP 1995
Credits: 3 SWS, 4.5 ECTS
Prerequisites: Mikroökonomie I
This course can also be attended by master and PhD students of the Graduate School of Climate Sciences.
Evaluation: written exam
Lecture: Tuesdays, 14.15 - 17.00 h, A-126, UniS
Exercises with assistant: Martial Zurbriggen (martial.zurbriggen@unibe.ch)
**** exercise 06.12.2024 room A-122, UniS - in reference to Martial's ILIAS email *****
Exams:
1st exam:Tuesday, December 17, 2024, 14.15 -15.45h, A-126, UniS
2nd exam:Tuesday, February 11, 2025, 14.15 - 15.45h, tba |
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