Syllabus

Titel
4787 Advanced Microeconomics
LV-Leiter/innen
Univ.Prof. Dr.Dr. Ulrich Berger
Kontakt
Tel. +43 1 31336-4562, E-Mail: ulrich.berger@wu.ac.at
  • LV-Typ
    PI
  • Semesterstunden
    3
  • Unterrichtssprache
    Englisch
Anmeldung
07.02.2019 bis 17.02.2019
Anmeldung über LPIS
Hinweise zur LV
Der Planpunkt "Advanced Microeconomics " (MaVW 10) wird im Sommersemester 2019 zum letzten Mal angeboten!
Planpunkt(e) Master
Termine
Wochentag Datum Uhrzeit Raum
Dienstag 05.03.2019 10:00 - 13:00 TC.5.16
Dienstag 12.03.2019 10:00 - 13:00 TC.5.16
Dienstag 19.03.2019 10:00 - 13:00 TC.5.16
Dienstag 26.03.2019 10:00 - 13:00 TC.5.16
Dienstag 02.04.2019 10:00 - 13:00 TC.5.16
Dienstag 09.04.2019 10:00 - 13:00 TC.5.16
Dienstag 07.05.2019 10:00 - 13:00 TC.5.16
Dienstag 14.05.2019 10:00 - 13:00 TC.5.16
Dienstag 21.05.2019 10:00 - 13:00 TC.5.16
Dienstag 28.05.2019 10:00 - 13:00 TC.5.16
Dienstag 04.06.2019 10:00 - 13:00 TC.5.16
Dienstag 18.06.2019 10:00 - 13:00 TC.5.16

Inhalte der LV

Advanced Microeconomics is an advanced course that teaches selected fundamental topics in microeconomics in more detail. The course starts with an introduction to relations and preference relations, leading to a model of decision-making under risk. It then turns to welfare economics and studies social welfare functions, continuing with utilitarianism and Pareto efficiency. We consider the problem of mechanism design, using a public goods game and auctions as an example. After introducing the Vickrey-Clarke-Groves mechanism, we turn to second-best mechanisms and finally to market mechanisms.

Lernergebnisse (Learning Outcomes)

After attending this course, students will be able to:

  • understand the reasons for the widespread assumption of expected utility maximization.
  • explain the theoretical basics of welfare comparisons and their limits.
  • understand the source of inefficiencies arising under incomplete information.
  • construct efficient mechanisms to handle social choice problems.
  • explain how large markets may eliminate inefficiencies.
 

Regelung zur Anwesenheit

The attendance requirement is met, if a student is present at least 80%. Therefore, students are allowed to be absent for up to two classes.

Lehr-/Lerndesign

  • Lectures with material developed on the whiteboard and supported by slides
  • Discussion of examples

Slides and exercises will be uploaded on learn@wu. Students are requested to prepare for each class with the provided material.

Leistung(en) für eine Beurteilung

There will be a written mid-term exam and a written final exam, each with a weight of 45%. The remaining 10% can be gained by active participation, i.e. by answering questions raised during the course or contributing to the discussion thoughtfully. A retake of one of the written exams will also be offered for those not reaching 50% in total.

Erreichbarkeit des/der Vortragenden

e-mail: ulrich.berger@wu.ac.at

phone: 01/31336-4562

Zuletzt bearbeitet: 28.02.2019



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