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Advanced Microeconomics 7,5 Credits

Course Contents

The Course provides an introduction to the economic analysis of the behavior of economic agents and institutions. The main topics covered are:
  • The methodology of economic analysis
  • Formal representations of the behaviour of consumers and firms
  • Investment decisions
  • Games and strategic behaviour
  • Competitive market analysis
  • Analysis of oligopolistic markets and markets with asymmetric information
  • Contracts and their incentive properties
The coverage of the analytical tools enables the students to immediately apply such tools to concrete problems, and provides the foundations for further studies in Economics and in Finance.

Connection to Research and Practice

The microeconomic and game theoretical methods that are discussed in the course are state-of-the-art research methods. They allow students to understand theoretical models that are used in articles published in leading academic journals. The course provides links to such articles.
Imperfect markets, asymmetric information and incentive problems lead to market failures and, therefore, inefficient outcomes. The described issues affect, e.g., production and recruitment decisions of firms and have important implications for the design of management contracts and government interventions. Such examples of application are discussed in the course.

Prerequisites

The applicant must hold the minimum of a Bachelor’s degree (i.e. the equivalent of 180 ECTS credits at an accredited university) with at least 90 credits in business administration, economics, computer engineering, industrial engineering and management, or equivalent.

Level of Education: Master
Course code/Ladok code: JMCR21
The course is conducted at: Jönköping International Business SchoolLast modified 2020-11-09 14:19:31

Content updated 2020-08-25