After the course, the student will know how to analyse economic decisions made under uncertainty, will be able to handle problems that involve risk seeking or risk averse behaviour as well as problems that involve cases of imperfect information. Additionally, students will become familiar with game theory to understand and analyse strategies employed by firms or individuals.
-Uncertainty, risk and reward
-Welfare theory: efficiency and justice
-Strategic behaviour and game theory
-Imperfect information
1. Material mentioned during lectures.
2. Cowell, Frank (2018): Microeconomics - Principles and Analysis, 2nd edition. Oxford University Press. (chapters 8-11; the 1st edition can also be used)
3. Aliprantis, Charalambos D. & Chakrabarti, Subir K. (2000): Games and Decision Making. Oxford University Press. (only applicable parts; later editions can also be used)
There are some places for master level exchange students. Previous studies in microeconomics, macroeconomics and mathematical economics is required.
Compensation in Economics: KATTAS21B Advanced Course in Microeconomics II 5 ECTS