Learning outcomes

Ability to formally apprehend the behaviors of agents who follow clearly defined objectives.

Use of rigorous reasoning.

Goals

Use of rigorous reasoning to identify the consequences of the behaviors of agents interacting in small numbers with clearly defined objectives. Particular emphasis is placed on competition between a small number of firms.

Content

This course is a direct extension of the microeconomics course. It aims to introduce you to methods of economic analysis in two specific directions: 1. In terms of methods, it completes the 'toolbox' of the microeconomics course by extending the models of rational choices to strategic situations and uncertainty. 2. On the subject of investigation, we will study in detail the situations of imperfect competition, and some specific markets (auctions, risk).

Table of contents

1. Monopoly   2. Game theory   3. Oligopoly   4.Monopoly behavior   5. Auction theory   6. Asymmetric information

Assessment method

An intermediate test is scheduled for the week following the third session. It will cover exercises on the material covered in the first three classes. The mark obtained for this test will count for one third of the points in the final mark for the first session under two conditions: (1) the test is passed and (2) the test mark is higher than the exam mark. The test mark will not be taken into account for the second session.

The exam and intermediate test are written, closed-book, face-to-face and last two hours.

The material is covered in the slides and video capsules on Webcampus.

Sources, references and any support material

H. Varian, Introduction à la microéconomie, De Boeck

Slides and some video capsules on webcampus

Language of instruction

Français