Advanced Microeconomic Theory II
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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 |
| Tentative Outline : |
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- General equilibrium theory (week 1-3) |
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Lecture notes : - General equilibrium I |
| 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 |
| Tentative Outline : |
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Part I: Game Theory - Normal-Form game and Nash equilibrium (MWG Chapter 7-8) |
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Part II: Economics of Information - Adverse Selection and Signalling (MWG Chapter 13) |
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Lecture notes: Lecture 1 |