Chair of Microeconomics

Overview

Academic Group at HHL

Economics and Regulation

Chairholder

Prof. Dr. Arnis Vilks

Research Associate

Mohamad Hjeij

Research Areas

  • Logical and philosophical foundations of economic theory; in particular foundations of mathematical economics
  • The notion of rationality, utility, and happiness
  • The weltanschauung of the Western world, its roots and effects in the global economy
  • Development economics

There are hundreds of books to study,
but you can only think for yourself.

Prof. Dr. Arnis Vilks
Holder of the Chair of Microeconomics
Read his profile

What we do

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.

The issues one can try to elucidate by means of microeconomic modelling are again manifold – ranging from efficient allocation of resources and managerial decision-making under competitive conditions to conflict and cooperation in international politics.