After completing this course, students will have gained the analytical and methodological skills to understand and address more advanced microeconomic questions and problems. They will understand: 1) how different markets interact with each other in general equilibrium models; 2) the several ways in which the violation of the perfect market assumption (i.e., market failures) affects market outcomes; 3) how uncertainty plays into the model of economic behavior.

Attendance is mandatory, with a maximum of two absences allowed without a valid excuse. Additional absences must be approved by the administration. Students who are absent during an assessment will receive the lowest possible grade for that assessment.

The course will include lectures, discussions, and analytical/quantitative exercises related to course topics.

Assessment consists in:

- Problem set 1 (25% of the grade)

- Problem set 2 (25%)

- Participation (10%)

- Final exam taking place during the last session (40%).

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Office hours: by appointment. Room D4.1.038.

Building D4, 1st floor. (Note: the entrance to the department is located on the 2nd floor).

Tel: 01/31336 - 6291

E-Mail: charles.louis-sidois@wu.ac.at