After completing this course, students will have gained the analytical and methodological skills to understand and address more advanced microeconomic questions and problems. They will understand: 1) how different markets interact with each other in general equilibrium models; 2) the several ways in which the violation of the perfect market assumption (i.e., market failures) affects market outcomes; 3) how uncertainty plays into the model of economic behavior.

Attendance is mandatory, max. 2 absences without valid excuse. Further absences must be excused by the administration. Students absent during an assessment will receive the lowest possible grade for the assessment.

Lecture, discussions, and analytical/quantitative exercises of course topics. 

Assessment consists in:

- Problem set 1 (25% of the grade)

- Problem set 2 (25%)

- Participation (10%)

- Final exam taking place during the last session (40%).

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Office hours: by appointment. Room D4.1.070.

Building D4, 1st floor. (Note: the entrance to the department is located on the 2nd floor).

Tel: 01/31336 - 6291

E-Mail: charles.louis-sidois@wu.ac.at