Microeconomics (MSc Economics)

News

  • We will skip exercise 20 (on the poker game) in the exercise session.
  • I do not use ILIAS because I prefer openly accessible material and dislike parts of the terms of service. All material for this course is available on this website.
  • exam dates: Jan 30, 2025, 14:30 (room: 105 Hörsaal A1 105/01/1.02) and March 19, 2025, 9:00 (room: 100 Aula 2 100/01/Aula 2); registration via KLIPS

Course setup

Lecture: Thursdays, 14:00-15:30 (101 Hörsaal XXIII 101/EG/17)

Exercise session: Wednesdays, 12:00-13:30 (HS XXX)

Prerequisites: You are expected to know basic game theory (normal form games, dominant strategies, Nash equilibrium, game trees, subgame perfect Nash equilibrium) and microeconomics at Bachelor level (preferences, indifference curves, utility functions, consumer problem, Pareto efficiency). The schedule contains detailed prerequisites for each lecture in terms of economics and mathematics.

Material

All materials are now also available on sciebo. (password announced in lecture)

  • slides (might still be edited)
  • exercises pdf
  • lecture notes via sciebo (password announced in lecture)
  • old additional notes pdf
  • schedule org pdf
  • old exam

Textbooks

The provided lecture notes cover all but the first two weeks. The material of those weeks is, for example, covered in (Jehle and Reny (2011)). On auctions, Paul Klemperer's book (Klemperer (2004)) is an interesting (optional!) read but goes far beyond the material covered in this course.

Bibliography

Jehle, G. A., and P. J. Reny. (2011): Advanced Microeconomic Theory, Pearson Education Limited.
Klemperer, P. (2004): Auctions: Theory and Practice, Princeton University Press.
Disclaimer