School of Economics and Administrative Sciences \ Economics
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
This course teaches selected topics from advanced microeconomic theory through mathematical methods.
Textbook and / or References
Andreu MasColell, Michael D. Whinston, Jerry Green, Microeconomic Theory, Oxford University Press, 1995.
Felix Muñoz-Garcia, Advanced Microeconomic Theory: An Intuitive Approach with Examples, the MIT Press, 2017.
1. To teach mechanism design under asymmetric information in a theoretical framework, with a focus on the regulation of a monopoly.
2. To teach and compare the fundamental auction formats.
3. To teach contract theory.
4. To teach how market failures, such as externalities and public goods, can be addressed.
5. To introduce matching markets and teach some fundamental results.
1. It allows students to become familiar with some research topics and questions in microeconomic theory.
2. It provides students with an idea of what graduate-level microeconomics education is like.
Week 1: Mechanism design and Nash implementation
Week 2: Mechanism design and Nash implementation
Week 3: Optimal regulation of a monopoly
Week 4: Optimal regulation of a monopoly
Week 5: Auctions
Week 6: Auctions
Week 7: Contract theory: Moral hazard
Week 8: Contract theory: Adverse selection
Week 9: Externalities
Week 10: Public goods
Week 11: Matching markets: The marriage problem
Week 12: Matching markets: College-student matchings and housing markets
Tentative Assesment Methods
• Midterm Exam 40 %
• Final Exam 40 %
• Homeworks 10 %
• Quizzes 10 %
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