Course 2009-2010 a.y.
8076 - ADVANCED MICROECONOMICS
MM-LS - AFC-LS - CLAPI-LS - CLEFIN-LS - CLELI-LS - DES-LS - CLG-LS - M-LS - IM-LS - ACME-LS - EMIT-LS
Department of Economics
Course taught in English
Go to class group/s: 31
MM-LS (6 credits - II sem. - AI) - AFC-LS (6 credits - II sem. - AI) - CLAPI-LS (6 credits - II sem. - AI) - CLEFIN-LS (6 credits - II sem. - AI) - CLELI-LS (6 credits - II sem. - AI) - DES-LS (6 credits - II sem. - AI) - CLG-LS (6 credits - II sem. - AI) - M-LS (6 credits - II sem. - AI) - IM-LS (6 credits - II sem. - AI) - ACME-LS (6 credits - II sem. - AI) - EMIT-LS (6 credits - II sem. - AI)
Course Director:
ALDO MARIA MONTESANO
ALDO MARIA MONTESANO
Course Objectives
This course introduces some topics of Microeconomics: the goal is to provide students with the analytical tools and the cultural elements needed to effectively understand the current economic literature and its debates.
Course Content Summary
Theory of incentives. Adverse selection: the rent extraction-efficiency trade-off. Moral hazard: the trade-off between insurance and efficiency. Non verifiability. Mixed models. Topics in general equilibrium: general equilibrium with production, the non-substitution theorem. Regular economies, uniqueness of equilibrium, stability analysis with and without tâtonnements, comparatives statics analysis, the core of an economy, eneral equilibrium with time and uncertainty, overlapping generations models.
Detailed Description of Assessment Methods
Written Exam.
Textbooks
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A. MONTESANO, Teaching notes
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J.J. LAFFONT and D. MARTIMONT, The theory of incentives, Princeton University Press, 2002.
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H.R. VARIAN, Microeconomic Analysis, New York, Norton, 1992, 3a ed.
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A. MAS-COLLEL, M.D. WHINSTON, J.R. GREEN, Microeconomic Theory, New York, Oxford University Press, 1995.
Last change 15/04/2009 11:32