We develop the classical theory of competitive free markets where agents act as price-takers and maximize utility (households) or profits (firms). We prove the basic welfare theorems and the existence of equilibrium. After a short discussion of uniqueness of equilibria, we move on to the study of competitive markets under uncertainty (stock markets, insurance markets).
NOTE: This lecture starts September 16 in Hörsaal H8!
No previous knowledge required.
Debreu, Theory of Value
Mas-Colell, Whinston, Green, Microeconomic Theory, Part 4
My own lecture notes will be made available.
| Frequency | Weekday | Time | Format / Place | Period | |
|---|---|---|---|---|---|
| weekly | Mi | 10-12 | 14.10.2009-05.02.2010 | Raum siehe 318002 | |
| weekly | Do | 10-12 | 15.10.2009-05.02.2010 | Raum siehe 318002 |
| Degree programme/academic programme | Validity | Variant | Subdivision | Status | Semester | LP | |
|---|---|---|---|---|---|---|---|
| Betriebswirtschaftslehre / Diplom | (Enrollment until SoSe 2005) | B3a | Wahlpflicht | 4 | HS | ||
| Volkswirtschaftslehre / Diplom | (Enrollment until SoSe 2005) | V1A | Wahlpflicht | 4 | HS | ||
| Wirtschaftsmathematik / Master | (Enrollment until SoSe 2011) | MW09hS | 4 | ||||
| Wirtschaftswissenschaften / Master | (Enrollment until SoSe 2012) | Modul 12; Modul 16 | 4 | Themengebiete 12a und 16. |