Here you find all important information and course material for the module "Advanced Microeconomics". It is a mandatory class for Master students M.Sc. Economics.
Modulanmeldung Winter 2023/2024
Modulanmeldung für das Wintersemester 2023/2024 erfolgt über Tool (Di, 26.09.2023 bis Mi, 04.10.2023). Ab Mo, 09.10.2023, 9 Uhr Anmeldung über das Nachrückerportal: frzverwaltung.wifa.uni-leipzig.de/NRV
In the winter term 2023/2024, Advanced Microeconomics will be taught in a hybrid format. Voice has been added to the slides (available on moodle). The slides below are without voice, the slides on moodle are the same (with a very few corrections added), but with voice added. You do not need a password to enroll in the course.
You are all expected to go through the voiced slides before the flipped classroom meetings. We will meet two times every week (not three times) and this meeting time will be spent on especially difficult material and on exercises. Therefore, catching up on bachelor-level microeconomics (see „Preparation” below) is even more important in the upcoming semester than in previous years.
We meet on Mondays, 9:15, and on Wednesdays, 9:15.
Before the classes start, you may want to
- work through the textbook on bachelor-level microeconomics by Harald Wiese (Mikroökonomik - Eine Einführung, Springer, 2010, 5. ed.) and/or through similar (English!) textbooks such as Varian (Intermediate Microeconomics), Perloff (Microeconomics), Schotter (Microeconomics) or Frank (Microeconomics and Behavior),
- solve the exercises and past tests of bachelor-level microeconomics, and
- consult the assistants for any questions that may arise. (Send email to Mr. Singer or send email to Ms. Freistühler.)
- Also, before the classes start, you will have worked through a few, if not all, chapters on moodle.
In addition, you are invited to attend the lecture „Intermediate Microeconomics” (bachelor level). The language will be German.
5th Session: Compensating and equivalent variation; consumer and producer surplus; monopoly (Thursday, 05.10.2023, 9:00-11:00 Uhr, SR 12 (Institutsgebäude I215))
The lecture is based on the book WIESE: Advanced Microeconomics (Springer Gabler, 2021) (chapter XVI is not covered in the course) but sometimes presentation in class and on the slides below is somewhat simpler than in the book. The ebook is accessible via the VPN connection of Leipzig University. The textbook by Geoffrey Jehle and Philip Reny (Advanced Microeconomic Theory) provides supplementary reading on a similar level. If you have any questions, please, do not hesitate to address the assistants anytime.
Topics and slides (voiced slides available on moodle)
In brackets you find a more printer friendly version with a plain layout
Part A: Basic decision and preference theory
- Decisions in strategic form (print version)
- Decisions in extensive form (print version)
- Ordinal preference theory (print version)
- Decisions under risk (print version)
Part B: Household theory and theory of the firm
- The household optimum (print version)
- Comparative statics and duality theory (print version)
- Production theory (print version) NOTE mistake on last slide: delete tλ-1 in Problem 3
- Cost minimization and profit maximization (print version)
Part C: Games and industrial organization
- Games in strategic form (print version)
- Price and quantity competition (print version)
- Games in extensive form (print version)
- Repeated games (print version)
Part D: Bargaining theory and Pareto optimality
Part E: Bayesian games and mechanism design
Part F: Perfect competition and competition policy
- General equilibrium theory I: the main results (print version)
- General equilibrium theory II: criticism and applications (print version)
- Introduction to competition policy and regulation (print version)
Part G: Contracts and principal-agent theories
There is only one exam of 120 minutes (no midterm in the future).
- Exam winter term 2009/10
- Resit winter term 2009/10
- Exam winter term 2010/11
- Resit winter term 2010/11
- Exam midterm winter 2011/12
- Final exam winter 2011/12
- Exam midterm winter 2012/13
- Final exam winter 2012/13 (Solution)
- Exam midterm winter 2013/14
- Final exam winter 2013/14
- Exam midterm winter 2014/15
- Final exam winter 2014/15
- Exam midterm winter 2015/16
- Final exam winter 2015/16
- Exam midterm winter 2016/17
- Final exam winter 2016/17
- Exam midterm winter 2017/18
- Final exam winter 2017/18
- Exam midterm winter 2018/19
- Final exam winter 2018/19
- Exam midterm winter 2019/20
- Final exam winter 2019/20
- Oral exam winter 2020/21
- Exam winter 2021/22
- Exam winter 2022/23