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Advanced Microeconomic Theory II

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
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Ph.D. Program in Economics
Faculty of Economics, Chulalongkorn University, 254 Phayathai Road, Pathumwan, Bangkok 10330, Thailand
Tel. (66) 2218-6217 Fax: (66) 2218-6212
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