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

Classes: 31 (II sem.)
Instructors:
Class 31: 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

  • A. MONTESANO, Teaching notes
  • J.J. LAFFONT and D. MARTIMONT, The theory of incentives, Princeton University Press, 2002.
  • H.R. VARIAN, Microeconomic Analysis, New York, Norton, 1992, 3a ed.
  • A. MAS-COLLEL, M.D. WHINSTON, J.R. GREEN, Microeconomic Theory, New York, Oxford University Press, 1995.
Exam textbooks & Online Articles (check availability at the Library)
Last change 15/04/2009 11:32