Advanced Microeconomics 2400-M1PPZMIK

The purpose of the course is the introduction to the basic concepts and models from the field of microeconomics. The course covers the topics of consumers and producers choices, equilibrium concepts, game theory and asymmetric information. In addition to traditional concepts, we will discuss several examples of scientific papers. We will also discuss the applications of microeconomic theory to the analysis of contemporary problems: the increase in income inequality in developed countries, the optimal design and costs of climate policies, the separation of power between the EU and member states, patents wars and the diffusion of new technologies.
Szacunkowy nakład pracy studenta:
Typ aktywności K (kontaktowe) S (samodzielne)
wykład (zajęcia) 60 0
ćwiczenia (zajęcia) 0 0
egzamin 2 0
konsultacje 10 0
przygotowanie do ćwiczeń 0 0
przygotowanie do wykładów 0 50
przygotowanie do kolokwium 0 0
przygotowanie do egzaminu 0 28
… 0 0
Razem 72 78 = 150

Reading list:
Akerlof, George A. "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism". The Quarterly Journal of Economics, Vol. 84, No. 3 (Aug., 1970), pp. 488-500.
sections 1 – 3 w Arrow, Kenneth (2009). "A note on uncertainty and discounting in models of economic growth", Journal of Risk and Uncertainty, April 2009, Volume 38, Issue 2, pp 87–94
Bandiera, O (2005) "Contract Duration and Investment Incentives: Evidence from Land Tenancy Agreements in 19th century Italy" Journal of the European Economic Association, forthcoming
sections 1-3. Dasgupta, Partha, 2008. "Discounting climate change," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 141-169, December.
Goldin, Claudia i Lawrence F. Katz (2007). "The Race between Education and Technology: The Evolution of U.S. Educational Wage Differentials, 1890 to 2005," NBER Working Papers 12984, National Bureau of Economic Research, Inc.
Hoteling, Harold (1929). „Stability in Competition”, The economic journal; vol 39 no. 153 (Mar 1929), pp. 41-57
sections I – IV w Katz, Lawrence F. i Kevin M. Murphy (1992) "Changes in Relative Wages, 1963-1987: Supply and Demand Factors" The Quarterly Journal of Economics, Vol. 107, No. 1 (Feb., 1992), pp. 35-78
sections 1-3 w Krusell, Per, Lee E. Ohanian, José-Víctor Ríos-Rull, Giovanni L. Violante (2000). "Capital-Skill Complementarity and Inequality: A Macroeconomic Analysis" Econometrica, Vol. 68, No. 5 (Sep., 2000), pp. 1029-1053
Liu, Changzheng i Zhenhong Lin (2017). How uncertain is the future of electric vehicle market: Results from Monte Carlo simulations using a nested logit model, International Journal of Sustainable Transportation, 11:4
sections 1 i 2 w Perloff, Jeffrey M. i Steven C. Salop (1985). "Equilibrium with Product Differentiation". The Review of Economic Studies, Vol. 52, No. 1 (Jan., 1985),
Salop, Steven C. (1979). "Monopolistic Competition with Outside Goods", The Bell Journal of Economics, Vol. 10, No. 1 (Spring, 1979), pp. 141-156

Textbooks:
Varian, H. R., Intermediate Microeconomics, ed. 7 (VIM)
Varian, H. R., Microeconomic Analysis, W. W. Norton & Co., ed. 3′ (VMA)
Required to score above 80%: Mas-Colell, A., M. D. Whinston, J. R. Green, Microeconomic Theory, Oxford University Press, 1995 (MWG)
The textbook are there to help you. The exam will include only the topics that were discussed during the lecutres.