Microeconomics

Lecturer: several lecturers
Begin: 20.10.2021
Time: Wednesdays 10:30–12:00 and 13:00–14:30
Work load:   150 hours / 6 ECTS
Lecture: Bi-weekly, 16 x 90 minutes / lecture format tba
Venue: Halle Institute for Economic Research (IWH) – Member of the Leibniz Association, Kleine Maerkerstrasse 8, 06108 Halle (Saale), conference room (ground floor) or online via Zoom (depending on the COVID-19 regulations in place).
Registration: until October 1, 2021 via email: annett.hartung@iwh-halle.de.

Announcement: pdf

I. Theory of Demand and Production (Day 1)
a) Demand Theory
b) Production
Date: 20.10.2021
Lecturer: Dr Matthias Mertens, IWH

II. Market Structure, Competitive Markets, And Market Power (Day 2)
a) Competitive Markets
b) Market Power
Date: 03.11.2021
Lecturer: Dr Matthias Mertens, IWH

III. Uncertainty (Day 3)
a) Expected Utility Theory
Date: 17.11.2021
Lecturer: Professor Dr Marcel Thum, TU Dresden & ifo Dresden

IV. Games of Complete Information (Day 4)
a) Simultaneous and Dynamic Games of Complete Information
Date: 01.12.2021
Lecturer: Professor Dr Marcel Thum, TU Dresden & ifo Dresden

V. General Equilibrium (Day 5)
a) Externalities and General Equilibrium Theory
Date: 15.12.2021
Lecturer: Professor Dr Martin Quaas, Leipzig University

VI. Dynamic Equilibrium and Welfare (Day 6)
a) Intertemporal Optimization and Welfare Economics
Date: 12.01.2022
Lecturer: Professor Dr Martin Quaas, Leipzig University

VII. Games of Incomplete Information (Day 7)
a) Bayesian Games
Date: 26.01.2022
Lecturer: Professor Shuo Xia, PhD, IWH and Leipzig University

VIII. Informational Economics (Day 8)
a) Hidden Information Problem (screening, signalling)
b) Hidden Action Problem (moral hazard)
Date: 09.02.2022
Lecturer: Professor Shuo Xia, PhD, IWH and Leipzig University

Problem sets
There will be eight assignments throughout the term. At the end of each day, the lecturer will post assignments, which are due on the day before the next lecture (11.59 pm). In order to complete the course, six problem sets (at least one of every lecturer) will have to be successfully passed.

Selected Textbook
Mas-Colell, A., Whinston, M. D., & Green, J. R. (1995). Microeconomic theory (Vol. 1). New York: Oxford university press.

Students are expected to read the relevant chapters of the book covered in class before the lecture. Additional lecture-specific literature will be announced separately.