Main Content

Intermediate Microeconomics

Learning Objectives

Students who have completed this course can model interactive decisions using games. They will have discussed the assumptions underlying classical economic modeling. In addition, they will have seen alternative approaches to modeling decisions, especially concepts from behavioural economics.

This is an English-language module.

In terms of content, the lecture is based on the following sequence:

1. Normal-form games
2. Extensive-form games
3. Repeated Games
4. Incomplete Information
5. Challenges to the rationality assumption
6. Behavioral Economics

Lectures and Tutorial

Credits

6 ECTS will be awarded for passing a 60 minute written exam taking place at the end of the term. Please register at the examination office during the predefined period in order to take part in this exam.

Material

All course material is exclusively provided through the online learning system ILIAS.
The password for ILIAS will be provided during the course by the lecturer and is also available at the Chair's notice board. Please refrain from asking for passwords via phone or email.

Further information

  • Prerequisites

    A sound knowledge of mathematical methods, especially analysis, is required.

  • Bibliography

    Dixit, Skeath, Reiley (2015, 2020): Games of Strategy
    Carmichael, Fiona (2004): Guide to Game Theory.
    Gintis, Herbert (2009): Game Theory Evolving, 2nd ed.
    Pindyck, Robert and Daniel Rubinfeld (2010): Microeconomics, 7th ed., chapters 12, 13, and 17.
    Varian, Hal E. (2014): Intermediate Microeconomics with Calculus, chapters 25-30.