Modul

The assessment is carried out as partial exams (according to Section 4(2), 1 or 2 of the examination regulation) of the single courses of this module, whose sum of credits must meet the minimum requirement of credits of this module. The assessment procedures are described for each course of the module seperately.

The overall grade of the the module is the average of the grades for each course weighted by the credits and truncated after the first decimal.

Students

• are able to model practical microoeconomic problems mathematically and to analyze them with respect to positive and normative questions,
• understand individual incentives and social outcomes of different institutional designs.

Here is an example of a positive question: what firm decisions does a specific regulatory policy result in under imperfect competition? An example of a normative question would be: which voting rule has appealing properties?

None

The module teaches advanced concepts and content in microeconomic theory. Thematically, it offers a formally rigorous treatment of game theory and exemplary applications, such as strategic interaction on markets and non-/cooperative bargaining ("Advanced Game Theory"), as well as specialized courses dedicated to auctions ("Auktionstheorie") and incentive systems in organizations ("Incentives in Organizations"). Moreover, it offers the opportunity to delve deeper into the mathematical theory of voting and collective decision making, i.e. the systematic aggregation of preferences and judgments ("Social Choice Theory").

The total workload for this module is approximately 270 hours. For further information see German version.