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31960-01 - Lecture: Advanced Microeconomics (6 CP)
| Semester | fall semester 2014 |
| Course frequency | Every fall sem. |
| Lecturers |
Georg Nöldeke (georg.noeldeke@unibas.ch, Assessor)
Conny Wunsch (conny.wunsch@unibas.ch) |
| Content | Content: The first part of the course, taught by Georg Nöldeke provides an introduction to general equilibrium theory. We begin by reviewing the essentials of consumer theory and the theory of the firm. Combining consumer theory and the theory of the firm, we then introduce the general equilibrium model and consider the questions under which conditions a simultaneous equilibrium on several markets exists and whether such an equilibrium has interesting welfare implications. The first part of the course focuses on static situations without uncertainty. The second part of the course, taught by Conny Wunsch, covers dynamic settings with inter-temporal decisions made over time as well as decision making of consumers and firms under uncertainty. We start by introducing important concepts of decision making under uncertainty. We then discuss inter-temporal decision making and the dynamic programming methodology. We conclude by discussing steady state equilibrium and welfare implications. |
| Bibliography | The text for the first part of the course is Jehle, G.A. and P.J. Reny, Advanced Microeconomic Theory, 3rd edition, Prentice Hall, Chapters 1,2,3, and 5. |
| Comments | If the lecture 31960 Advanced Economic Theory is already successfully completed, it is not possible to gain further credits with this lecture. For the students who started with their "Kernfächer" before 2014, this lecture can be counted as "Kernfach BWL" or "Kernfach VWL" . |
| Weblink | Weblink |
| Admission requirements | Prerequisites: Completed Bachelor in Business and Economics |
| Course application | Course registration: please enrol in MOnA; Eucor enrol at the Students Services at Petersplatz 1 within the registration deadline. Registration = Admission to the exam |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Grundlagenmodul: Advanced Topics in Economics (Master International and Monetary Economics) (Pflicht) Kernmodul BWL (Master Business and Economics) Kernmodul VWL (Master Business and Economics) Modul Internationales Zusatzwissen (Master European Studies) Modul Kernbereich Wirtschaftswissenschaften für Fortgeschrittene (Master Sustainable Development) Modul Wirtschaftswissenschaftliche Grundlagen der Europäischen Integration (Master European Studies) (Pflicht) Selected Subjects of Economics and Jurisprudence Module (Master Actuarial Science) |
| Assessment format | end-of-semester examination |
| Assessment details | written exam: 05.01.15; 10:15-11:45. Physik: A-G; Org. Chem: H-L; ZLF: M-Z. Exam rooms: http://wwz.unibas.ch/studium/pruefungen/raeume/ You can still withdraw from the examination by submitting a completed, signed form to our office from 14.10.14 until 24.10.14 / 12:00 o’clock. Withdrawals sent by email will not be accepted. You will find the examination withdrawal form on the Homepage of the Student Dean’s Office. Prior to 13.10.14, please only use MONA for withdrawing. The exam rooms will be published up to 03.12.14. |
| Assessment registration/deregistration | Registration: course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Abteilung Wirtschaftstheorie |