Summer 2019 - ECON 302 D100
Microeconomic Theory II: Strategic Behavior (4)
Class Number: 5787
Delivery Method: In Person
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.
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.
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
- Written assignment 20%
- Midterm exam 30%
- Final exam 50%
Varian, Hal R. Intermediate Microeconomics with Calculus: A Modern Approach. W.W. Norton, 2014. (any older edition of this textbook is also fine)
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 email@example.com.
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