ECH-32306 Advanced Microeconomics


Credits 6.00

Teaching methodContact hours
Course coordinator(s)dr. PHM van Mouche
Lecturer(s)dr. PHM van Mouche
dr. T Herzfeld
dr. HP Weikard
Examiner(s)dr. HP Weikard

Language of instruction:


Assumed knowledge on:

ECH-21806 or AEP-20306 or equivalent courses


This is an advanced course which is part of the Research Master Variant in the MSc programs MID and MME.
It is an advanced course in microeconomics. Microeconomic theory focuses on the behaviour of individual agents and builds from this foundation a theory of aggregate economic outcomes. Topics are individual decision making, (e.g. consumer theory, producer theory, and the role of uncertainties), market equilibrium and market failure (e.g. market power, externalities and principal agent problem), general equilibrium, welfare economics, game theory (e.g. non-cooperative and cooperative games, the role of information and rationality and incentives).
Students obtain a firm background in microeconomic theory and they learn to apply theory to agricultural and environmental issues, households' behaviour and firms' decision-making.

Learning outcomes:

At the end of this course the student is able to:
- acquire knowledge of microeconomics at an advanced level;
- solve problems and interpret the results;
- understand microeconomic phenomena using microeconomic theory.


Lectures - attending lectures and studying book and hand-outs;
- doing exercises.


- graded excercises; - final written exam.


Jehle, Geoffrey A. / Reny, Philip J. (2002) Advanced Microeconomic Theory. Second edition, Reading, Mass.: Addison-Wesley.

Restricted Optional for: MMEManagement, Economics and Consumer StudiesMScA: Management Studies1MO
MMEManagement, Economics and Consumer StudiesMScB: Consumer Studies1MO
MMEManagement, Economics and Consumer StudiesMScC: Economics, Environment and Policy1MO
MIDInternational Development StudiesMScB: Economics of Development1MO