390024 DK PhD-M: Microeconomics for PhD-Management (2017S)

10.00 ECTS (2.00 SWS), SPL 39 - Doktoratsstudium Wirtschaftswissenschaften

Continuous assessment of course work

http://homepage.univie.ac.at./wieland.mueller/

Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Registration is open from We 15.02.2017 09:00 to We 22.02.2017 12:00
Deregistration possible until Tu 14.03.2017 23:59

Details

max. 15 participants

Language: English

Lecturers

Wieland Müller

Classes

Wednesday, 09.45 - 11.15 h, Seminarroom VGSE, 3rd floor, Room No. 03.307
Starting Day: March 1, 2017

Information

Aims, contents and method of the course

The first part of this course gives an introduction to single-person decision making both under certainty and under uncertainty. In this part we will cover topics such as the Expected Utility Theorem, risk aversion and its measurement, and stochastic dominance.

The second part introduces the fundamentals of multi-person decision making
(game theory). We discuss four classes of games: games in normalform, Bayesian games, sequential games with perfect information, and sequential games with imperfect and incomplete information. The central solution concept we discuss is the Nash equilibrium and its refinements (including subgame perfectness, trembling-hand perfectness, (perfect) Bayesian equilibrium, and sequential equilibrium).

Relevant sections and chapters (and absolute must-reads) in MWG:
* Choices, Preferences, and Utility: MWG, Chapter 1 and Sections A to C of Chapter 3
* Expected Utility Theory: MWG, Sections A to D of Chapter 6
* Game Theory: MWG, Chapters 7-9

Assessment and permitted materials

There will be a written final exam. Tentative date of the exam: Early June

Minimum requirements and assessment criteria

Examination topics

Reading list

The main text we will use is: Andreu Mas-Colell/Michael D. Whinston/Jerrry R. Green:
Microeconomic Theory, Oxford University Press (henceforth called MWG).

Another book that you might want to consult is: Christopher Snyder/Walter Nicholson:
Microeconomic Theory: Basic Principles and Extensions, Thomson, Tenth Edition.

For those students who have never heard of Game Theory, I also recommend the following introductory text books:
* Robert Gibbons: A Primer in Game Theory, Harvester Wheatsheaf.
* Martin Osborne: An Introduction to Game Theory, Oxford University Press.

Association in the course directory

Last modified: Mo 07.09.2020 15:46