M2 Advanced Microeconomics

Welcome to M2 Advanced Microeconomics.

Instructors: Wilfried Sand-Zantman and Marcus Pivato

Textbook: Microeconomic Theory, by Andreu Mas-Colell, Michael Whinston, and Jerry Green (Oxford University Press, 1995)

Recommended problems for Weeks 5-9.

Questions from the book by Jehle and Reny:

9.1
9.3
9.5
9.8
9.10
9.11 (Note: When the question asks, "What is the reserve price?", it is referring to the reserve price in Theorem 9.9.)
9.16
9.19 (Note: When the question asks about "the optimal direct mechanism we derived in this chapter", it is referring to the one in Theorem 9.8.)
9.20
9.21
9.22
9.26
9.27
9.28
9.29
9.30
9.31
9.35

Questions from the book by Feldman and Serrano:

Chapter 14 (pp. 315-316): #3, #4, #5 and #6.
(Note. In question #4, it should also say: the candidate with the most "marks" wins.)
Chapter 15 (pp. 337-338): #1, #4 and #5.

Recommended problems from previous years: (ignore)

(All questions are from the book by Mas-Colell, Whinston and Green, and appear at the end of each chapter, unless otherwise indicated.)

Chapter 11 (pages 378-382)

11.B.1, 11.B.4
11.C.1, 11.C.2
11.D.3, 11.D.5
11.E.3, 11.E.4, 11.E.5, 11.E.6

Chapter 23 (pages 918-925)

23B.2, 23B.3
23.C.1, 23.C.2, 23.C.3, 23.C.4, 23.C.9, 23.C.11
23.D.2, 23.D.3

Chapter 21

21.C.1
21.E.1 (for the definition of "single-peaked preference", see Definition 21.D.3 on p.801)
21.E.3

Old website material (ignore below this line)

Approximate scheduleWeeks 1 - 4: Externalities, Mechanism Design, and Implementation theory. (Chapters 11 and 23)

Week 5 (Feb 3): Market Power (12A-12E)
Week 6 (Feb 10): Market Power, Adverse Selection (12E-12F; 13A-13B)
Week 7 (Feb 17): Signalling and Screening (13C-13D)
Week 8 (Mar 3): Hidden information (14C)
Week 9 (Mar 10): Moral Hazard (14C, 14B)

Final Exam: March 31, 10h00-12h00, Chenes C4432020 final exam with solutions (for questions 4, 5 and 6).Recommended problems (All questions are from the book by Mas-Colell, Whinston and Green, and appear the end of each chapter, unless otherwise indicated.)

12.C.1 (p.389)
12.C.6 (p.393)
12.C.7 (p.393)
12.C.9
12.C.13
12.C.15
12.C.16
12.C.17
12.C.20
12.D.2. (p.405)
12.D.3
12.E.1
12.E.3
12.F.1
12.F.4
12.G.1
13.B.2
13.B.4
13.B.10
13.C.1
13.C.4
13.D.1
13.D.2
14.C.2
14.C.3
14.C.5