This course builds on the first year micro course. It aims to extend your microeconomic toolkit and we will discuss empirical methods to study microeconomic decisions. After completion of the course, you should be able to:
- Analyze how consumers make decisions under uncertainty
- Analyze how consumers make intertemporal decisions
- Analyze strategic interactions between economic agents
- Interpret and evaluate empirical analysis of microeconomic models
Basic knowledge of microeconomics and calculus
The course focuses on consumer choice and strategic interaction between economic agents such as firms and consumers or buyers and sellers. We will study both theoretical and empirical methods to study economic decision-making.
In this course we will discuss:
Consumer choice – Decision making under uncertainty – Intertemporal choice – Game theory – Measurement (empirical methods) – Behavioral economics – Asymmetric information – Auctions
- Lecture slides + selected papers.
- Varian, Hal R., Intermediate Microeconomics with Calculus (International Student Edition), W.W. Norton & Company, 2014.