The two following textbooks can be useful references.
Jehle, G.A., Reny, P.J., 2011. Advanced Microeconomic Theory (3rd Edition), Pearson.
Mas-Colell, A., Whinston, M.D., Green, J.R., 1995. Microeconomic Theory, Oxford University Press
Learning Objectives
The aim of the course is to present the basic theory of monopoly, oligopoly and asymmetric information in a formally rigorous framework.
Prerequisites
Basic Probability Theory, Calculus for functions of several variables. Content of the course of Microeconomics I.
Teaching Methods
Classroom lectures
Type of Assessment
Written examination (two hours and a half) followed by a short oral exam.
Course program
Game Theory: Repeated games.
Monopoly: Basic theory. Price discrimination. Regulation of a natural monopoly. Oligopoly: Cournot and Bertrand competition.
Asymmetric information and market failures. Adverse selection. Signalling. Screening. Principal- agent models with i) hidden action ii) hidden information. Applications of the principal-agent model.