Advanced Microeconomics (2024)

This lecture is identical to the German language course "Mikroökonomik für Fortgeschrittene". The German language lecture will not be given this term, but the lecture videos from last year will be made available in the English language course ("Advanced Microeconomics"). The examination can be written in either English or German.

Diese Vorlesung ist identisch zur deutschrsprachigen Vorlesung "Mikroökonomik für Fortgeschrittene". Die deutschsprachige Vorlesung wird in diesem Semester nicht angeboten, aber die Vorlesungs-Videos aus dem letzten Jahr werden im englischsprachigen Kurs ("Advanced Microeconomics") verfügbar gemacht. Die Prüfung kann in deutscher oder englischer Sprache geschrieben werden.

Description:

Building on introductory microeconomics covered in the early Bachelor level, this lecture explores more advanced approaches in microeconomics: How can economic interaction be captured in more complex and more realistic models? How do firms compete in a changing world? How can real economic phenomena such as structural change, financial instability and open-source software be explained? How do macroeconomic patterns and distributions emerge from the micro-level of the economy? The lecture will cover dynamical models from evolutionary economics, economic statistics, and the theory of complex systems. It will, however, also address advanced equilibrium approaches.


Examination: Written examination, 60 minutes. The examination can be written in either English or German. The questions will be available in both English and German.


Outline:

1. Introduction
2. Equilibrium models
3. Dynamical Systems and their application in microeconomics
4. Empirical distributions of microeconomic quantities
5. Networks and their application in microeconomics
6. Behavioral approaches