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390033 SE PhD-VGSE: Research seminar in Microeconomics (2017W)

Continuous assessment of course work

The level of this course requires knowledge of advanced macroeconomics, advanced microeconomics, and advanced econometrics.
Students may apply for this course by sending an email to info@vgse.at including their CV, transcript (Sammelzeugnis) and optionally a recommendation of their thesis advisor.
More information at www.vgse.at


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


max. 24 participants
Language: English



First meeting: Wednesday, October 4, 13.15 - 14.45 h, Hörsaal 16, 2nd floor
For the rest of the semester the lecture will be Wednesday, 13.15 - 14.45 h Seminarroom 3rd floor, Doctoral Colleg
No meeting on October 11 and October 18!


Aims, contents and method of the course

Eligibility: this course is designed for VGSE students. Other PhD students in Economics at the University of Vienna, can get permission to follow this course after contacting the Director of Graduate Studies, Prof. Maarten Janssen, maarten.janssen@univie.ac.at.
Goal: Teach PhD students how to use formal and rigorous methods to understand and solve microeconomic research questions. Show students the different phases in writing a research paper in microeconomics that builds on formal methods.
Outline: Microeconomics comes with a formal apparatus that is used to derive results. This formal apparatus involves both mathematics (like when looking at derivatives and constrained optimization) and separate tools such as game theory. Statements are made based on assumptions and proofs using these assumptions. In this course we wish to show to PhD students how to apply such methods, how to be able to derive statements about microeconomics from primitives. The lecture is presented as a series as of topics. Each week homeworks are assigned and corrected.
Topics include:
- choice and preferences
- von Neumann Morgenstern and alternative models of choice under uncertainty
- marginal rates of substitution and ordients
- aggregation of preferences and the representative consumer
- power and failure of first and second welfare theorems
- type spaces and information economics
- auctions and mechanism design
In addition, a research topic will be assigned at the beginning and students are asked to jointly write a paper on this topic, progress discussed whenever necessary in class (such as relevant literature, research motivation, model, proofs, outline of paper, final editing).

Assessment and permitted materials

The grade of the course is determined based on three equally weighted parts: homeworks, midterm and final exam.

Minimum requirements and assessment criteria

Examination topics

Reading list

The main bibliography for the course is A. Mas-Colell, M.D. Whinston & J.R. Green, Microeconomic Theory, Oxford University Press, New York, 1995, complimented by some research papers and handouts.

Association in the course directory

Last modified: Mo 07.09.2020 15:46