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No. Type(s) Class Title
5824 PI Advanced Microeconomics II (Science Track) Präsenz-Modus
Registration via LPIS
from 2024-02-19 15:00 to 2024-02-25 23:59
De-registration via LPIS
from 2024-02-19 15:00 to 2024-05-04 23:59

Instructor(s) Univ.Prof. Dr.Dr. Ulrich Berger
Subject(s) Master Programs Advanced Microeconomics II
Credit hours 2
Language of instruction English

Detailed schedule
Tue, 2024-05-07 14:00-17:00 D4.0.144 (Map)
Tue, 2024-05-14 14:00-17:00 D4.0.144 (Map)
Tue, 2024-05-21 14:00-17:00 D4.0.144 (Map)
Tue, 2024-05-28 14:00-17:00 D4.0.144 (Map)
Tue, 2024-06-04 14:00-17:00 D4.0.144 (Map)
Tue, 2024-06-11 14:00-17:00 D4.0.144 (Map)
Tue, 2024-06-18 14:00-17:00 D4.0.144 (Map)
Tue, 2024-06-25 14:00-17:00 P TC.3.03 (Map)
Download schedule (ical) | Subscribe schedule

Further information https://learn.wu.ac.at/vvz/24s/5824

Contact details:
ulrich.berger@wu.ac.at
Contents:

Advanced Microeconomics II continues Advanced Microeconomics I. It is an advanced course that teaches selected fundamental topics in microeconomics in more detail. The course starts with mechanism design, using a public goods game and auctions as primary examples. After introducing the Vickrey-Clarke-Groves mechanism we turn to second-best mechanisms and apply these to public goods and bilateral markets. Finally, we study double auctions and matching markets.

1. public goods

2. the VCG mechanism

3. balanced budgets

4. second-best mechanisms

5. bilateral trade

6. Myerson-Satterthwaite theorem

7. small markets

8. double auctions

9. bipartite graphs

10. matching markets

 
Learning Outcomes:

After attending this course, students will be able to:

  • understand the source of inefficiencies arising under incomplete information.
  • construct efficient mechanisms to handle social choice problems.
  • explain how large markets may eliminate inefficiencies.
Attendance requirements:

The attendance requirement is met, if a student is present at least 80%. Therefore, students are allowed to be absent for one teaching unit.

Advanced Microeconomics II is the continuation of Advanced Microeconomics I. It is formally possible to only complete the second course (e.g. for exchange students who need just 4 ECTS), but it would be rather difficult and doesn't make much sense.
Teaching/learning method(s):
  • Lectures with material developed on the whiteboard and supported by slides
  • Discussion of examples

Slides and exercises will be uploaded on Canvas. Students are requested to prepare for each class with the provided material.
Assessment:

There will be several homeworks (weight 30%) and a written final exam (60%). The remaining 10% can be gained by active participation, i.e. by answering questions raised during the course or contributing to the discussion thoughtfully.
Last edited: 2023-11-15 12:30
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