Advanced Microeconomic Theory

The course will delve into some selected areas of microeconomic theory where there has been active research in recent years and give students the understanding and the tools to engage with these areas.

The course will delve into some selected areas of microeconomic theory where there has been active research in recent years and give students the understanding and the tools to engage with these areas. The topics will include evolutionary game theory, network analysis and mechanism design. The course builds on the models that the students leant in the courses Microeconomics: Theory and applications 1 and 2 and gets the students to apply and extend them to more advanced situations, such as the application of game theory in a dynamic context using evolutionary logic for defining equilibria. Additionally, students are also introduced to concepts and tools that are not taught in a traditional microeconomics course, such as using graph theory to analyze networks of people or firms, which are very relevant in current microeconomic research. The course is ideal for students who want to continue to do economics research, either as part of a PhD or otherwise, after completing the master’s programme.