364-1025-00L Advanced Microeconomics
|Semester||Autumn Semester 2016|
|Periodicity||yearly recurring course|
|Language of instruction||English|
|Abstract||The objective of the course is to provide students with advanced knowledge in some areas of micro economic theory. The course will focus on 1) Individual behavior 2) Collective behavior 3) Choice under uncertainty 4) Intertemporal choice.|
|Objective||The aim is to give to the students the opportunity to review the key results in rational individual behavior, collective models, choice under uncertainty, intertemporal choice, as well as to get some insights on more recent advances in those areas. |
The course is therefore designed for students who have some interest for research in economics.
|Content||The following topics will be addressed;|
1) Individual Behavior. Theory of the consumer (preferences, demand, duality, integrability). Theory of the firm.
2) Collective models. Cooperative and non cooperative models of household behavior.
2) Choice under uncertainty. The foundations of expected utility theory. Some insights on other approaches to choice under uncertainty.
3) Intertemporal choice. Dynamic model. Life cycle theory.
|Literature||The course will be based on some chapters of the books "Advanced Microeconomic Theory" by Jehle and Reny (2011) and "Microeconomic Theory", by Mas-Colell, Whinston and Green (1995), as well as research articles for the most advanced parts.|