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| Semester | fall semester 2011 |
| Course frequency | Every fall sem. |
| Lecturers |
Frank Christian Krysiak (frank.krysiak@unibas.ch)
Georg Nöldeke (georg.noeldeke@unibas.ch, Assessor) |
| Content | The first part of the lecture covers consumer theory, theory of the firm, and general equilibrium theory. We first discuss different options to describe individual behavior under certainty and then analyze the implications of individual behavior for aggregate demand (aggregation). The theory of the firm will be considered only briefly, with emphasis on different possibilities to describe technological possibilities and producer behavior (duality). Combining consumer theory and the theory of the firm, we consider the questions under which conditions a simultaneous equilibrium on several markets exists and whether such an equilibrium has interesting welfare implications. At the end of the first part we revisit consumer theory to analyze individual behavior under uncertainty. The second part of the course considers strategic behavior. The main tool to analyse strategic behavior is game theory. Consequently, more than half of the lectures in this part of the course will be devoted to a discussion of strategic form games, extensive form games, and the associated solution concepts. In the remaining lectures we consider information economics. |
| Bibliography | Jehle, G.A. and P. J. Reny, Advanced Microeconomic Theory, 3rd edition, Prentice Hall, 2011. (the second edition can be used as well) |
| Weblink | Weblink |
| Admission requirements | Completed BA; or at least succesfull completion of the following courses: 10130 Introduction to Economics, 10134 Intermediate Microeconomics, 10135 Mathematics 1, 10136 Mathematics 2 and 23346 Statistics |
| Course application | Course registration: please enrol in MOnA; Eucor and exchange students enrol at the Students Services at Petersplatz 1 within the registration deadline (24th October 2011). Registration = Admission to the exam |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
|---|
No dates available. Please contact the lecturer.
| Modules |
Grundlagenmodul: Advanced Topics in Economics (Master International and Monetary 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) Modul Wirtschaftswissenschaftliche Grundlagen der Nachhaltigkeit (Master Sustainable Development (Start of studies before 01.08.2010)) (Pflicht) Selected Subjects of Economics and Jurisprudence Module (Master Actuarial Science) |
| Assessment format | end-of-semester examination |
| Assessment details | Written exam. Schriftliche Prüfung: 09.01.12, 12:15 - 13:45. Physik: A-MEI; WWZ S15: MO-SA; Org. Chem: SCH-Z. Die Prüfungsräume finden Sie hier: http://wwz.unibas.ch/studium/pruefungen/raeume/. Bitte kontollieren Sie die Raumzuteilung kurz vor den Prüfungen noch einmal |
| 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 |