1043884

The course is compulsory for the PhD students of Copenhagen Business School’s Department of Economics, but also open to other PhD students who can prove some knowledge in intermediate microeconomics as well as in some mathematical tools like multivariate calculus, constrained maximization, and linear algebra.

After the course, students shall be able to:

• demonstrate knowledge of the concepts, models, methods and tools of advanced microeconomic theory as discussed during the course,
• read and understand international research papers that employ advanced microeconomic models,
• apply and adapt advanced micro economic models to specific research questions,
• and evaluate microeconomic models applied and adapted by other scholars.

The aim of the course is to get the students acquainted with the most important models and methods used in advanced microeconomic theory in order to enable them to apply these models and methods later in their own research.

The course should cover the following topics:

1. Decisions Theory (Uncertainty, Risk, and Time preferences)
2. Game Theory,
3. Mechanism Design and Contract Theory.

Assessment

In order to pass, students have to master two different tasks in a satisfactory manner.

1. They have to hand in the solutions to three problem sets. Hand out-Hand in dates: 07.10.2019-28.10.2019; 16.12.2019-30.12.2019; 09.01.2020-23.01.2020.
2. They have to present one academic research paper from one section (1, 2, or 3) of the class and comment on the paper presentation of another student assigned to another section of the class. The teachers of the different sections will suggest a couple of papers for presentation, but a student can also suggest papers that he/she might present as long as one of the teachers acknowledges them as relevant to his/her section of the class.

Selected Chapters (indicative) from:

Bolton, Patrick and Mathias Dewatripont (2005), Contract Theory, MIT Press: Cambridge, MA.

Gollier, Christian (2004), The Economics of Risk and Time, MIT Press: Cambridge, MA.

Gilboa, Itzhak (2009), Theory of Decision under Uncertainty, Econometric Society Monographs 45, Cambridge: Cambridge University Press.

Jackson, Matthew O., Mechanism Theory (December 26, 2014). Available at SSRN: https://ssrn.com/abstract=2542983 or http://dx.doi.org/10.2139/ssrn.2542983

Mas-Colell, Andreu, Michael D. Whinston and Jerry R. Green (1995), Microeconomic Theory, Oxford University Press: New York and Oxford.

Osborne, Martin and Ariel Rubinstein (1994), A Course in Game Theory, MIT Press: Cambridge, MA.

Department of Economics
Porcelænshaven 16A, room 2.80
2000 Frederiksberg

The class includes 42 confrontation hours.

The Course starts on September 6, 2019 (week 36) and ends on December 20, 2019 (week 51). It implies six hours of lectures for a full day every two weeks and finally nine hours of lectures within one and a half day in the period from September 6, 2019 to October 4, 2019, and again from November 22, 2019, to December 19, 2019 (see the details under lecture plan).

Administration:

Anja Knudsen
ak.research@cbs.dk 
Tel: +45 3815 2625