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Tuesday 17 September 2024 at 09:30 to Thursday 5 December 2024 at 15:30
Thursday 12 September 2024 at 23:55
Porcelænshaven - room PH16A 2.80 (second floor),
Porcelænshaven 16A,
2000 Frederiksberg
Porcelænshaven - room PH16A 2.80 (second floor)
Porcelænshaven 16A
2000 Frederiksberg
Faculty
Head of Department Alexander Christopher Sebald (ACS)
Department of Economics, CBS
Associate Professor Karol Szwagrzak (KS)
Department of Economics, CBS
Assistant Professor Tróndur Møller Sandoy (TMS)
University of the Faroe Islands, Faculty of History and Social Sciences
Associate Professor Anette Boom (AB)
Department of Economics, CBS
Prerequisite
The course is compulsory for the PhD students of Copenhagen Business School’s Department of Economics, but also open to other PhD students with knowledge of intermediate microeconomics, some econometrics, as well as mathematical tools like multivariate calculus, constrained maximization, and linear algebra, and basic probability and statistics.
Duration
The Course starts on September 17, 2024, in week 38 with an introduction and two sessions (September 25, and 26, and October 2, and 5) in week 39 and week 40. It then continues from week 46 until week 49 (see the details in the attached lecturing plan).
Aim of the Course and Learning Objectives
After the course, students shall be able to:
Course content
The aim of the course is to get the students acquainted with the most important models and methods used in advanced microeconomic theory in order to enable them to apply these models and methods later in their own research. This is done by introducing the students to either very influential and/or recent academic research.
The course covers the following topics:
Lectures and student workshops.
Assessment
Attendance is obligatory. To pass the course, students have to master three different tasks in a satisfactory manner with the possibility of retaking each of them once.
1. The students have to either hand in the solutions to one problem-set or a research proposal (approximately 10 pages) on the basis of the microeconomic theory taught in the class. The hand-out date for the problem set is January 6, 2025 and hand-in date for either the research proposal or the solutions of the problem set is January 20, 2025.
2. They have to present one academic research article mentioned in the list for potential presentations and comment on the presentation of another student in class.
3. They have to write a referee report (approximately 4 pages) on an unpublished microeconomic theory paper of their own choice and hand it in until December 31, 2024.
Course literature (Indicative)
Selected Chapters from:
Teaching hours
The class includes 44 confrontation hours.
Lecturing Plan
Date |
Syllabus |
Week 38 - day 1 17.9.2024 9:30-11:30 am & 1-3 pm |
Introduction (KS) The lecture will be based on: Chapter 1 in Mas-Colell et al. (1995), Chapter 2 in Chambers and Echenique, Chapters 8, 10, 14 and 17 in Gilboa (2009). The lecture then provides an overview of course and guidance on how to approach the readings in rest of the programme. |
Week 39 - day 2 25.9.2024 9:30-11:30 am & 1-3 pm |
Revealed Preferences, Risk and Uncertainty (KS) Chapters 2 and 3 from Chambers and Echenique (2016). Chapters 8, 10, 14 and 17 in Gilboa (2009) |
Week 39 - day 3 26.9.2024 9:30-11:30 am & 1:30-3:30 pm |
Risk and Uncertainty, Preferences for Flexibility (KS) Gilboa and Schmeidler (1989), Machina and Schmeidler (1992), Tversky and Kahneman (1992), Klibanoff et al. (2005) Kreps (1979) and Dekel et al. (2001) |
Week 40 - day 4 2.10.2024 9:30-11:30 am & 1-3 pm |
Time Preferences, Temptation and Self-control (KS) Bleichrodt et al. (2008), Kreps and Porteus (1978), Epstein (1983), Epstein and Zin (1991), Gul and Pesendorfer (2001) |
Week 40 - day 5 4.10.2024 9:30-11:30 am & 1:30-3:30 pm |
Stochastic Choice (KS) Chapter 7 in Chambers and Echenique (2016), Gul and Pesendorfer (2006) |
Week 46 - day 6 13.11.2024 9:30-11:30am & 1-3pm |
Experiments on Belief Dependent Preferences, Guilt and Salience (ACS) Bellemare, Sebald and Suetens (2018), Bellemare, Sebald and Suetens (2019), Nielsen, Sebald and Sørensen (2021) |
Week 47 - day 7 18.11.2024 9:00-12:00 am & 2:30-4:30 pm |
Game Theory (KS) Osborne and Rubinstein (1994), Chapter 1,2,6 & 11 and 12. The lecture gives you an overview over important game theoretic concepts which are used in the literature on which the rest of the course is based. |
Week 48 - day 8 27.11.2024 9:30-11:30 am & 1-3 pm |
Mechanism Design (KS) Jackson (2014) and Chapter 23 in Mas-Colell et al. (1995) |
Week 48 - day 9 28.11.2024 10:30-11:30am |
Example of Empirical Research based on Microeconomic Theory (TSM) The lecture illustrates the relationship between theoretical microeconomic models and empirical research concerning real-world economic problems. For this purpose, TSM will present chapter one of his recent PhD thesis, on the demand for higher education and beliefs on admission chances. |
Week 48 - day 10 28.11.2024 1:30-3:30pm |
Student Workshops: Moral Hazard, Adverse Selection and Signalling (AB) Students are divided into three groups and each group presents one of the three topics. They can take inspiration from Bolton and Dewatripont (2005). |
Week 49 - day 11 04.12.2024 9:30-11:30am& 1-3pm |
Auction Theory (AB) Myerson (1981), Chapter 1, and 2 in Krishna (2010) |
Week 49 - day 12 05.12.2024 9:30-11:30am & 1:30-3:30pm |
The Theory of the Firm (AB) Grosman and Hart (1986), Chapter 11 in Bolton and Dewatripont (2005).How to Write a Referee Report? (AB) Berk, Harvey and Hirshleifer (2017) |
Note: In case we receive more registrations for the course than we have seats, seats will be filled based on the motivation uploaded upon registration. CBS PhD students will have priority.
Registration Deadline and Conditions
The registration deadline is 16 August 2024. If you wish to cancel your registration, it must be done by this date. By this deadline, we determine whether there are enough registrations to run the course or decide who should be offered a seat if we have received too many registrations.
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CBS PhD School
Nina Iversen
Phone: +45 3815 2475
ni.research@cbs.dk
CBS PhD School
Nina Iversen
Phone: +45 3815 2475
ni.research@cbs.dk