Course description
| Site: | moodle@NovaSBE |
| Course: | 6121-Microeconomics II-2425_S2 |
| Book: | Course description |
| Printed by: | Guest user |
| Date: | Saturday, 7 June 2025, 1:15 AM |
Description
Course description Book and chapters;
add, change structure or delete it.
1. Instructor
2. Syllabus
Topics
1 General Equilibrium
1-1 Existence > MWG 17
1-2 Local Uniqueness > MWG 17
1-3 Optimality > MWG 16
1-4 Core properties > MWG 18
1-5 Equilibrium under uncertainty > MWG 19
2 Market Failure
2-1 Market Power > MWG 12
2-2 Externalities and Public Goods > MWG 11
2-3 Adverse selection, signaling and screening > MWG 13
2-4 The Principal-Agent Problem > MWG 14
2-4-1 Moral hazard
2-4-2 Monopolistic screening
3 Welfare Economics and Incentives
3-1 Mechanism Design > MWG 23, FT 7
3-1-1 The Revelation Principle
3-1-2 Implementability
3-1-3 Optimality
3-1-4 Multi-agent case
3-1-5 Dominant-Strategy Implementation – the Groves-Clarke Mechanism
3-1-6 Bayesian Implementation – the AGV Mechanism
3-1-7 Bilateral trade – Myerson-Satterthwaite Theorem
3-1-8 Auctions
3-2 Social Choice > MWG 21
3-2-1 Arrow Theorem
3-2-2 May’s Theorem
3-2-3 Gibbard-Satterthwaite Theorem
3. Bibliography
- Mas-Colell A, Whinston MD and Green JR (1995) Microeconomic Theory. Oxford University Press, New York.
- Fudenberg D and Tirole J (1996) Game Theory. The MIT Press, Cambridge, MA.