Microeconomics II - JCM021

• Title: Mikroekonomie II
• Guaranteed by: CERGE (23-CERGE)
• Faculty: Faculty of Social Sciences
• Actual: from 2019
• Semester: summer
• E-Credits: 9
• Examination process: summer s.:
• Hours per week, examination: summer s.:4/2, Ex [HT]
• Capacity: 2 / unknown (20)
• Min. number of students: unlimited
• 4EU+: no
• Virtual mobility / capacity: no
• State of the course: taught
• Language: Czech
• Teaching methods: full-time
• Teaching methods: full-time
• Note: course can be enrolled in outside the study plan; enabled for web enrollment; priority enrollment if the course is part of the study plan
• Guarantor: doc. Mgr. Jakub Steiner, M.A., Ph.D.
• Teacher(s): Yiman Sun, Ph.D.
• Pre-requisite : JCM020
• Is pre-requisite for: JCM022, JCM030, JCM037, JCM055, JCM056, JCM057, JCM058, JCM052, JCM014, JCM033, JCM027, JCM031, JCM008, JCM009, JCM010, JCM011, JCM012, JCM013, JCM015, JCM018, JCM019, JCM023, JCM025, JCM026, JCM028, JCM032, JCM034, JCM035, JCM036, JCM006, JCM059, JCM029, JCM007

Descriptors

Last update: Mgr. Anna Papariga (24.01.2022)

This is the second course in the microeconomics sequence. The objective of the sequence in general and of the course in particular is to i) provide students with firm knowledge of the basic microeconomic theory, ii) provide students with grasp of relevant (micro)economic concepts on intuitive and formal level and iii) equip students with tools and techniques allowing them to conduct their own independent research.

 

The course is based on twenty 90-minutes lectures and 8 90-minutes classes (exercise sessions). Two lectures and one class take place in any given week.

 

8 weekly problem sets are integral part of the course. In Zapal’s part, the students are required to complete one problem set per week and hand it in before each class (details to be specified). The classes will be devoted to the discussion of problem set solutions. Team-work on the problem sets is encouraged. Free-riding on the effort of team-mates is not … work on the problem sets is essential for grasping the course material and for exam preparation.

Literature

Last update: Mgr. Anna Papariga (24.01.2022)

Market power:

 

·         Varian, Hal R. Microeconomic Analysis. London: W. W. Norton & Company, 1992.

 

·         Mas-Colell, Andreu; Michael D. Whinston and Jerry R. Green. Microeconomic Theory. Oxford: Oxford University Press, 1995.

 

·         Vives,  Xavier,  Oligopoly   Pricing;  old  ideas  and  new  tools,   The  MIT  Press,  2.000,

 

·         Wolfstetter, G. Elmar, Topics in Microeconomics, Cambridge, 2002.

 

·         Dixit, A. (1979), "A Model of Duopoly Suggesting a Theory of Entry Barriers," Bell Journal of Economics, 10, 20-32.

 

·         Dixit, A. (1980), "The Role of Investment in Entry Deterrence," Economic Journal, 90, 95-106.

 

Game theory:

 

·         Mas-Colell, Andreu; Michael D. Whinston and Jerry R. Green. Microeconomic Theory. Oxford: Oxford University Press, 1995.       (henceforth MWG)

 

·         Fudenberg, Drew and Jean Tirole. Game Theory. London: MIT Press, 1991. (henceforth FT)

 

·         Osborne, Martin J. and Ariel Rubinstein. A Course in Game Theory. London: MIT Press, 1994.        (henceforth OR)

 

Reference (not required) books:

 

Microeconomic:

 

·         Jehle, Geoffrey A. and Philip J. Reny. Advanced Microeconomic Theory. Essex: Pearson Education Limited, 2011.

 

·         Varian, Hal R. Microeconomic Analysis. London: W. W. Norton & Company, 1992.

 

Mathematical:

 

·         Aliprantis, Charalambos D. and Kim C. Border. Infinite Dimensional Analysis: A Hitchhiker's Guide. Berlin: Springer, 2007.

 

·         Border, Kim C. Fixed Point Theorems with Applications to Economics and Game Theory. Cambridge: Cambridge University Press, 1989.

 

·         Dixit, Avinash K. Optimization in Economic Theory. Oxford: Oxford University Press, 2002.

 

·         Duggan, John. Basic Concepts in Mathematical Analysis. https://dl.dropboxusercontent.com/u/17516137/RapidWeaverSite/resources/lecturenotes/MathHandbook13.pdf, 2013.

 

·         Chiang, Alpha C. Fundamental Methods of Mathematical Economics. London: McGraw-Hill, 1984.

 

·         McLennan, Andrew. Advanced Fixed Point Theory for Economics. http://cupid.economics.uq.edu.au/mclennan/Advanced/advanced_fp.pdf, 2014.

 

·         Simon, Carl P. and Lawrence Blume. Mathematics for Economists. London: W. W. Norton & Company, 1994.

 

·         Takayama, Akira. Mathematical Economics. Hinsdale, IL: Dryden Press, 1974.Huang, Chi-fu and Robert H. Litzenberger, Foundations for Financial Economics, North-Holland, 1988.

 

Game theory:

 

·         Maschler, Michael; Eilon Solan and Shmuel Zamir. Game Theory. Cambridge: Cambridge University Press, 2013.

·         Myerson, Roger B. Game Theory: Analysis of Conflict. London: Harvard University Press, 1991.

 

Requirements to the exam

Last update: Mgr. Anna Papariga (24.01.2022)

Grades for Zapal’s part of the course will be based on final exam only and for Zigic’s part on midterm exam only. The midterm exam will take place in the midterm week and the final exam will take place in week 13 (details to be specified). In addition, students are required to hand in 8 weekly problem sets.

Syllabus

Last update: Mgr. Anna Papariga (24.01.2022)

Market power (weeks 1-4)

Game theory (weeks 5-12)