Advanced Microeconomics

A.Y. 2026/2027
6
Max ECTS
40
Overall hours
SSD
ECON-01/A
Language
English
Learning objectives
The course is designed to provide a rigorous introduction to the conceptual apparatus of modern microeconomics. Its objective is to equip students with the basic analytical tools required to read and understand contemporary literature in theoretical and applied microeconomics and to approach advanced research topics both in microeconomic theory and in other subfields of economics in which knowledge of microeconomic theory is required (e.g. development, education, health, industrial, international, labour, and public economics).
Expected learning outcomes
After the course, students must be able to use economic reasoning to understand the main determinants of individuals' and firms' decisions, the functioning of markets in real world settings, and how they are influenced by public policies or changes in economic fundamentals. This theoretical knowledge is highly complementary to the data analysis techniques that students will learn in other courses (such as "Research Methods") and are key to a correct understanding and interpretation of the empirical evidence.
Students will also acquire the basic knowledge needed to approach more advanced topics in other subfields of economics for which microeconomics is a pre-requisite (e.g. development, education, health, industrial, international, labour, and public economics, among others).
Single course

This course can be attended as a single course.

Course syllabus and organization

Single session

Responsible
Lesson period
Second trimester
Course syllabus
The course is designed to provide a rigorous introduction to the conceptual apparatus of modern microeconomics. Its objective is to equip students with the basic analytical tools required to read and understand contemporary literature in theoretical and applied microeconomics and to approach advanced research topics both in microeconomic theory and in other subfields of economics in which knowledge of microeconomic theory is required (e.g. development, education, health, industrial, international, labour, and public economics).
Prerequisites for admission
Microeconomics (BA level or crash-course)
Teaching methods
20 lectures covering theory and 10 tutorials with practical exams.
Teaching Resources
The core textbook is Martin J. Osborne and Ariel Rubinstein (2020): Models in Microeconomic Theory.
Assessment methods and Criteria
90 minutes written final exam (90% of the final grade). The exam will be composed of a set of problem sets with a number of sub-components. The problem sets will be (variants of) problems discussed in the tutorials. It is thus imperative to attend the exercise sessions.

To reinforce learning throughout the course, short online quizzes will be assigned after each major topic (10% of the final grade).
ECON-01/A - Economics - University credits: 6
Lessons: 40 hours
Professor: Kajackaite Agne
Professor(s)