Production. Productions sets, production and cost functions, profit maximization and cost minimization, aggregation, efficient production.
Definition of Pareto optima and competitive equilibria.
Pure exchange economy. Edgeworth box. General versus partial equilibrium.
The first and the second fundamental theorems of welfare economics. First order conditions for Pareto optima. The basic equations of equilibria, existence of equilibria.
Mas-Colell, A., Whinston, M.D., Green, J., Microeconomic Theory, Oxford University Press, 1995. Chapters 1-5, 10 and 15-18.Basic elements of noncooperative games. What is a game, extensive form representation of a game, strategies and the normal form representation of a game, randomized choice.
Simultaneous-move games. Dominant and dominated strategies, rationalizable strategies, CURB sets, Nash equilibrium, trembling hand perfect equilibrium, proper equilibrium, strategic stability, evolutionary stable strategies.
Dynamic Games. Extensive form rationalizability, sequential rationality, backward induction, subgame perfection, beliefs and sequential rationality, (weak) perfect Bayesian equilibrium, sequential equilibrium, reasonable beliefs and forward induction.
Games of incomplete information and Bayesian Nash equilibrium.
Competition among firms. Bertrand, Cournot, repeated interaction and the folk theorem.
Interaction with asymmetric information. Adverse selection, moral hazard, and signalling.
Auctions with private valuations. Revenue Equivalence and equilibrium characterization.
Mechanism Design. Revelation principle, general revenue equivalence. Seller optimal mechanisms, efficient mechanisms (Vickery-Clarke-Groves).
Mas-Colell, A., Whinston, M.D., Green, J., Microeconomic Theory, Oxford University Press, 1995. Chapters 7-9, 13, 14, 23.
Fudenberg, D., and Tirole, J., Game Theory, MIT Press, 1991, Chapters 1-3,5-8,11.
Ritzberger, K., Foundations of Non-Cooperative Game Theory, Oxford University Press, 2002, Chapters 4-6.
Krishna, V., Auction Theory, 2nd edition, Academic Press, 2010, Chapters 1-5.
I initiated a discussion group for behavioral economics at the Center for Mathematical Economics. We gathered bi-weekly to share insights from previous work and discuss questions and problems in ongoing projects. The focus was on designing and conducting experiments.
I organized Bielefeld University's QUAMU Research Seminar, formerly known as Economic Theory Lunch Seminar, together with Professor Frank Riedel and Jurek Preker.
With fellow students of the Bielefeld Graduate School of Economics and Management (BiGSEM), I organized a Covid-edition of the BiGSEM Doctoral Workshop in my 2nd PhD year. The workshop takes place annually at Bielefeld's ZiF, and is set to bring together international doctoral students in economics and management, providing them with an opportunity to talk about new developments in their field and present their research.
I coordinate an annual Girls' Day offer at Bielefeld's Mathematics Faculty and the Center for Mathematical Economics to promote research careers in STEM. We present our profession as solving riddles and abstract puzzles for a living, and let school girls role-play a day in the life of a researcher.