Advanced Microeconomic Theory II

13 Nov 2012
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Instructor:	Kornkarun Cheewatrakoolpong, Ph.D. and Juntip Boonprakaikawe, Ph.D.
Course Description:	General equilibrium, welfare economics, externalities, public goods, game theory, market failure, economics of information, topics in mechanism design e.g. Moral Hazard and Principal-agent problem. The study will be based on advanced mathematical models and the development of new knowledge in microeconomic theory.

Part I:	General equilibrium and market failures
Instructor:	Juntip Boonprakaikawe, Ph.D.
Required textbooks:	MasCollel, A., M. Whinston, and J. Green, ‘Microeconomic Theory’ Publisher: Oxford University Press
Recommended textbooks:	- Hal R. Varian ‘Microeconomic Analysis’ Publisher: W. W. Norton and Company - Walter Nicholson ‘Microeconomic Theory: Basic Principles and Extensions’ Publisher: Southwestern/Thompson Learning

Tentative Outline :

- General equilibrium theory (week 1-3)
- Welfare Economics (week 3-4)
- Externalities (week 5-6)
- Public Goods (week 6-7)
- Report (week 7)

Lecture notes :

- General equilibrium I
- General equilibrium II
- General equilibrium III
- Assignment 2012

Part II:	Game theory and asymmetric information
Instructor:	Kornkarun Cheewatrakoolpong, Ph.D.
Required textbooks:	Mascolell, Whinston, and Green “Microeconomic Theory”, Oxford.
Recommended textbooks:	Myerson, “Game Theory: Analysis of Conflict”, Havard University Press Fudenberg and Tirole, “Game Theory”, the MIT Press

Tentative Outline :

Part I: Game Theory

- Normal-Form game and Nash equilibrium (MWG Chapter 7-8)
- Correlated strategies and Correlated Equilibrium (FT Chapter 2)
- Refinements of Equilibrium in strategic form (Myerson Chapter 5)
- Extensive Form Game and Subgame Perfect Equilibrium (MWG Chapter 9)
- Game with imperfect information
- Weak perfect Bayesian Equlibrium (MWG Chapter 9)
- Sequential Equilibrium (Myerson Chapter 4)
- Signalling Game and Intuition Criterion (FT Chapter 8)
- Repeated Game (FT Chapter 5)

Part II: Economics of Information

- Adverse Selection and Signalling (MWG Chapter 13)
- Moral Hazard and Monopolistic Screening (MWG Chapter 14)
- Mechanism Design (MWG Chapter 23)

Lecture notes:

Lecture 1
Lecture 2
Lecture 3
Lecture 4
Lecture 5
Lecture 6
Lecture 7

Last modified onSaturday, 27 September 2014 08:24