Chairholder: Prof. Dr. Arnis Vilks
Microeconomics appears to be a huge collection of models - ranging from basic models of optimization and markets to sophisticated ones that try to spell out the kind of information and reasoning that would entail behaviour according to specific game-theoretic solution concepts. However, it is our philosophy that models are not there for their own sake, but should help to better understand, and maybe solve, real-world problems.
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