Microeconomics II

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” It is not from the benevolence of the butcher, or the baker that we expect our dinner, but from their regard to their own interest. “

Course Description

The aim of the course is to introduce students to the most essential topics in microeconomic theory. Students should acquire a thorough understanding of economic theory relevant to the topics covered. The course is designed to complement the Microeconomics 1 offered last term. Topics include choice under uncertainty, game theory, market failure, firm behaviour in oligopolistic framework, moral hazard, adverse selection, and social choice.

Lectures

Sunday & Tuesday 8:00 – 9:30; Room 7

Office Hours

Room 118; Saturday 14:30 – 15:30 or by appointment (email: ffatemi@sharif.edu)

Evaluation

The evaluation of the course is based on quizzes (15%), mid-term exam (40%), and final exam (45%).

Quizzes: The schedule will be agreed in class.

Mid-term exam: Wednesday 1395/02/01 at 9:00 am

Final Exam: TBA.

Textbook

The main textbooks for the course is:
Mas-Colell, Andreu, Michael D. Whinston & Jerry R. Green: Microeconomic Theory; Oxford University Press..

Other References

We also use the following textbooks for some topics and the problem sets (some other papers and books might be added to the list later in the term):

Jehle, Geoffrey A. & Philip J. Reny; Advanced Microeconomic Theory; Addison-Wesley.

Kreps, David; A Course in Microeconomic Theory; Harvester Wheatsheaf.

Osborne, Martin; An introduction to Game Theory; Oxford University Press.

Rubinstein, Ariel; Lecture Notes in Microeconomic Theory; Princeton University Press.

Varian, Hal; Microeconomic Analysis; W. W. Norton and Company

Course Outline

Following is a list of the topics we intend to cover in this course alongside the textbook chapters for each topic. There is a possibility that not all the material in some chapters of textbooks will be covered, which will be announced in lectures accordingly. On the other hand, some other text or notes might be used for some of the topics which we intend to cover in greater details.

Session Date Course Plan
1 Sun 94  11  18 Chapter 6: Choice under Uncertainty
2 Tue 94  11  20
3 Sun 94  11  25
4 Tue 94  11  27
5 Sun 94  12  02 Chapter 7: Basic Elements of non-Cooperative Games
6 Tue 94  12  04
7 Sun 94  12  09
8 Tue 94  12  11 Chapter 8: Simultaneous-Move Games (Excl. 8.C & 8.F)
9 Sun 94  12  16
10 Tue 94  12  18
Sun 94  12  23
11 Tue 94  12  25 Chapter 9: Dynamic Games (Excl. 9.D)
Sun 95  01  01
Tue 95  01  03
Sun 95  01  08
Tue 95  01  10
12 Sun 95  01  15
13 Tue 95  01  17
14 Sun 95  01  22 Chapter 11: Externalities and Public Goods
15 Tue 95  01  24
16 Sun 95  01  29
17 Tue 95  01  31
18 Sun 95  02  05 Chapter 12: Market Power (Excl. 12.D, 12.E, 12.F, & 12.G)
19 Tue 95  02  07
20 Sun 95  02  12
21 Tue 95  02  14 Chapter 13: Adverse Selection, Signaling, and Screening (Excl. 13.D)
22 Sun 95  02  19
23 Tue 95  02  21
24 Sun 95  02  26 Chapter 14: The Principal-Agent Problem (Excl. 14.C & 14.D)
25 Tue 95  02  28
26 Sun 95  03  02
26 Tue 95  03  04
27 Sun 95  03  09 Chapter 21: Social Choice Theory
28 Tue 95  03  11

Lecture Notes

Problem Sets

Past Exams

Exams Results