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| ECON0927-1 | Advanced Microeconomics
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| Duration : | 30h Th, 15h Pr |
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| Number of credits : |
| Master degree in Economics, research focus, 1st year | | 5 |
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| Master degree in Economics, teaching focus, 1st year | | 5 |
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| Master degree in Economical Sciences, Professional Focus in Economic Policies and Analysis, 1st year | | 5 |
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| Master degree in Economics, professional focus in Economics and Finance, 1st year | | 5 |
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| Master degree in Economics, professional focus in Economic Analysis and Public Governance, 1st year | | 5 |
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| Master degree in Economics | | 5 |
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| Lecturer : | Alain Jousten |
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Language(s) of instruction :
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| English language |
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Organisation and examination :
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| Teaching in the first semester, review in January |
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Course contents :
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| This course can be seen as an extension and further formalization of the course in intermediate microeconomics, from which it also borrows the methodology.
It formalizes the concepts of individual and public choice further. The approach encompasses consumers, producers and the government. It also discusses choice under uncertainty and adverse selection.
In a next step, it assembles these elements to determine a general equilibrium in prices and quantities that result from the interaction of all economic actors.
Finally, the course evaluates the equilibria in a normative analysis from the point of view of the social optimum and suggests corrective measures in the face of various market failures. |
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Learning outcomes of the course :
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- Formalize the microeconomic analysis.
- Present the two propositions of welfare economics, the foundation of collective choice and the canonical market failures.
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Prerequisites and co-requisites/ Recommended optional programme components :
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| Intermediate microeconomics |
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Planned learning activities and teaching methods :
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- Lectures
- Exercise sessions
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Mode of delivery (face-to-face ; distance-learning) :
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| face-to-face and exercises |
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Recommended or required readings :
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| Reference book
Jeffrey Perloff, Microeconomics with Calculus, (2014) Pearson Global Edition (3rd edition)
Recommended optional readings
H. Varian, Microeconomics Analysis, Norton
D. Kreps, A course in Microeconomic Theory, Princeton |
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Assessment methods and criteria :
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| written exam |
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Work placement(s) :
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Organizational remarks :
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| 1st semester |
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Contacts :
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| Professor
Alain Jousten, Bât. B31
Tel 04/366 3198
E-mail: ajousten@ulg.ac.be
Assistant
Arjeta Aliaj, Bât. B31
04/366 3108
E-mail: a.aliaj@ulg.ac.be |
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| Items online : |
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| Slides |
| The PDF-format of the slides used during the course will be available on Lol@. |
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