Stud.IP Uni Oldenburg
University of Oldenburg
20.07.2019 09:24:05
wir874 - Advanced Microeconomics
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Module label Advanced Microeconomics
Module code wir874
Credit points 6.0 KP
Workload 180 h
Faculty/Institute Department of Business Administration, Economics and Law (Economics)
Used in course of study
  • Master's Programme Business Administration, Economics and Law > Mantelmodule
  • Master's Programme Business Informatics > Module der Wirtschafts- und Rechtswissenschaften (Master)
Contact person
Module responsibility
Authorized examiners
Module counceling
Entry requirements
Skills to be acquired in this module
Students
• understand the importance of incentive systems for economic processes and can analyze the effects of incentive systems;
• have a firm knowledge in game theory and contract theory, and can address questions in the context of scientific discussion;
• are able to apply methods from game theory and contract theory largely independently to the analysis of situations in which agents interact strategically;
• are able to design incentive schemes – on their own and in teams – and to acquire knowledge on their own for this purpose and, to present their results, and to defend them in the scientific discourse.
Module contents
The first part of the module covers game theory. Game theory is an important method in economics to analyze strategic interactions of agents, e.g., on markets, in organizations or in bargaining situations.
The second part of the module covers contract theory that – according to the Nobel laureate Kenneth Arrow – has been „the most important development in economics in the last forty years“. We work out the fundamentals of screenings, signaling and moral hazard and apply them to different topics, e.g., from labor economics, economic organization and management, law and economics as well as industrial economics.
In both parts, there is a tutorial. Here students largely independently apply the acquired knowledge to different situations of strategic interaction in economics and present their results.
Reader's advisory
  • Gibbons, R. (1992): A Primer in Game Theory. FT Prentice Hall (zentraler Text für 1. Teil)
  • Watson, J. (2013): Strategy: An Introduction to Game Theory. Norton (zentraler Text für 2. Teil)
  • Osborne, M.J. (2003): An Introduction to Game Theory. Oxford University Press.
  • Salanie, B. (2005): The Economics of Contracts: A Primer. MIT Press.
Links
Languages of instruction German, English
Duration (semesters) 1 Semester
Module frequency jährlich
Module capacity unlimited
Modullevel ---
Modulart je nach Studiengang Pflicht oder Wahlpflicht
Lern-/Lehrform / Type of program
Vorkenntnisse / Previous knowledge
Examination Time of examination Type of examination
Final exam of module
At the end of the lecture period. In consultation with the students, the exam can be split in two parts (part 1: mid-term, part 2: end of lecture period)
exam
Course type Comment SWS Frequency Workload attendance
Course or seminar 4.00 WiSe 56 h
Exercises 0.00 -- 0 h
Total time of attendance for the module 56 h

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