Cours 2017-2018

Advanced Macroeconomics I [ECON2121]

  • 5 crédits
  • 30h+6h
  • 1er quadrimestre
Langue d'enseignement: Anglais / English

Acquis d'apprentissage

The objective of the course is to introduce students to the basic results in microeconomic theory and to the basic ingredients of microeconomic modelling.

Contenu

The course is composed of three parts: decision theory, game theory and general equilibrium. Part 1: decision theory: this part is devoted to the basics of the rational choice paradigm, both under complete and incomplete information. The emphasis is on the relationship between revealed preference theory and optimization. Part 2: game theory: this part is devoted to the basics of game theory in complete information. That includes static and dynamic game theory (equilibrium concept of dominant strategy equilibrium, iterated deletion of strictly dominated equilibrium, Nash equilibrium, trembling hand perfect Nash equilibrium, backward induction and subgame perfect Nash equilibrium. Part 3: general equilibrium: this part is devoted to the two fundamental theorems of welfare economics, and to existence theorems. The reference book is Mas-Colell, Whinston and Green, 'Microeconomic theory,' Oxford University Press 1995. Exercises and home works are assigned to students, and a feedback is provided during tutorials.

Langue d'enseignement

Anglais / English

Lieu de l'activité

LOUVAIN-LA-NEUVE

Faculté organisatrice

Faculté des sciences économiques, sociales et de gestion
Rue de Bruxelles, 61
5000 NAMUR