Rigorous reasoning
Understanding intuitions
The course considers the consequences of market imperfections on the behavior of agents and in particular that of firms. On the basis of a rigorous reasoning, the analysis confirms or invalidates the intuitions that can be developed.
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).
1. The monopoly 2. The behavior of a monopoly 3. The oligopoly 4. Auction theory 5. Game theory 6. Asymmetric information
The exam is written, closed-book and lasts two hours.
The material is covered in the slides and clips on Webcampus.
H. Varian, Introduction à la microéconomie, De Boeck
Slides and some video capsules on webcampus