Ability to formally apprehend the behaviors of agents who follow clearly defined objectives.
Use of rigorous reasoning.
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.
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. Monopoly 2. Game theory 3. Oligopoly 4.Monopoly behavior 5. Auction theory 6. Asymmetric information
The exam is written, closed-book and lasts two hours, in person.
The material is covered in the slides and video capsules on Webcampus.
H. Varian, Introduction à la microéconomie, De Boeck
Slides and some video capsules on webcampus