Summer 2019 - ECON 302 D100

Microeconomic Theory II: Strategic Behavior (4)

Class Number: 5787

Delivery Method: In Person

Overview

  • Course Times + Location:

    Mo 2:30 PM – 4:20 PM
    WMC 3520, Burnaby

    We 2:30 PM – 3:20 PM
    SSCK 9500, Burnaby

  • Exam Times + Location:

    Aug 12, 2019
    3:30 PM – 6:30 PM
    SSCB 9200, Burnaby

  • Prerequisites:

    ECON 201 or 301; 60 Units.

Description

CALENDAR DESCRIPTION:

Aspects of microeconomic theory concerned with strategic behavior, imperfect information, and market failure. Topics include game theory and oligopoly; uncertainty and insurance; asymmetric information and market power, externalities and public goods, together with related issues in welfare economics. Quantitative.

COURSE DETAILS:

This course is meant to teach interactions between economic agents and understand the economic incentives that come into play under different circumstances such as the presence of externalities, the lack of information, uncertainty and their relevance in the analysis of market failures.
The course will be structured as follows:

  • Part 1: Introduction (demand, supply, Pareto efficiency, competitive equilibrium)
  • Part 2: Monopoly and discrimination
  • Part 3: Externalities and public goods
  • Part 4: Game theory: Nash equilibrium, pure strategies, mixed strategies
  • Part 5: Uncertainty
  • Part 6: Adverse selection
  • Part 7: Moral hazard

Topics: market failures, uncertainty, Monopoly, game theory

Grading

  • Written assignment 20%
  • Midterm exam 30%
  • Final exam 50%

Materials

REQUIRED READING:

None.

RECOMMENDED READING:

Varian, Hal R. Intermediate Microeconomics with Calculus: A Modern Approach. W.W. Norton, 2014. (any older edition of this textbook is also fine)

and/or

Perloff, J. Microeconomics: theory and applications with calculus (any edition)

Department Undergraduate Notes:

***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***

Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or caladmin@sfu.ca.

Registrar Notes:

SFU’s Academic Integrity web site http://www.sfu.ca/students/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating.  Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the University community.  Academic dishonesty, in whatever form, is ultimately destructive of the values of the University. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the University. http://www.sfu.ca/policies/gazette/student/s10-01.html

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS