Advanced Microeconomics

Duration

30h Th, 15h Pr

Number of credits

Lecturer

Barnabé Walheer

Language(s) of instruction

English language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

The course aims at an understanding of the fundamental theories of individual consumer and producer behavior. It focuses mainly on partial and general equilibrium theory. We also discuss what happens when market does not work properly with the example of externalities and public goods.
 

• Preferences and Utility
• Demand Theory
• Production Theory
• Partial and General Equilibrium
• Externalities and Public Goods

Learning outcomes of the learning unit

In accordance with the following key learning outcomes: 1, 3, 6 and 8:

• Develop a scientific approach by the formalization of economic issues.
• Problem solving skills.
• Develop a critical sense with respect to economic theory.

Prerequisite knowledge and skills

Calculus (such as Sydsaeter et al.'s textbook) and Intermediate microeconomics courses (such as the content of Varian's Intermediate Microeconomics textbook).

Planned learning activities and teaching methods

Theoretical and practical lectures. 

Mode of delivery (face to face, distance learning, hybrid learning)

Face-to-face lectures and tutorials.
Students are asked to proactively participate during the lectures and tutorials.

Organisational adjustments related to the current health context

In case face-to-face assessment is impossible, the exam will be a 2 hours online test composed of MCQ and open questions. The terms and conditions will be explained on Lol@.

Recommended or required readings

Felix Munoz-Garcia, Advanced Microeconmic Theory, MIT Press.

Assessment methods and criteria

Below you will find information on the evaluation methods planned for in-person and remote exams as well as those planned for hybrid sessions. Depending on how the health crisis evolves, the chosen method will be communicated to you no later than one month before the start of the exam session.

Any session :

- In-person

written exam ( open-ended questions )

- Remote

written exam ( multiple-choice questionnaire, open-ended questions )

- If evaluation in "hybrid"

preferred in-person


Additional information:

A closed book written exam with three parts:
- comment propositions and properties.
- make links between concepts.
- practical problems.

Work placement(s)

Organizational remarks

The lectures and tutorials start mid-September.
 

Contacts

Professor: Barnabe Walheer  Office  B. 31 - 1.47 Email: barnabe.walheer@uliege.be 
 

 

Items online