Spring 2020 - ECON 302 D100
Microeconomic Theory II: Strategic Behavior (4)
Class Number: 1673
Delivery Method: In Person
Course Times + Location:
Mo 2:30 PM – 4:20 PM
EDB 7618, Burnaby
We 2:30 PM – 3:20 PM
SSCC 9002, Burnaby
Exam Times + Location:
Apr 14, 2020
12:00 PM – 3:00 PM
SSCC 9001, Burnaby
1 778 782-3547
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 will introduce students to game theory and strategic behavior. Game theory is an essential part of an economist’s toolbox. It has wide applications in all branches of economics, as well as other disciplines such as political science, biology, and psychology. We will cover topics like choice under uncertainty, game theory (simultaneous move games, sequential move games, games of asymmetric information, bargaining games) and its applications, and market failure (market power, public goods and externalities).
1) Identify non-competitive markets and the implication.
2) Understand strategic behaviors including the Nash Equilibrium.
3) Understand the implication of asymmetric information.
4) Understand the implication of public goods and externalities.
- Quizzes 10%
- MobLab activities 5%
- Editorial 10%
- Two midterms (15 percent each) 30%
- Final 45%
H. Varian, Intermediate Microeconomics: With Calculus, First Edition, W. W. Norton, 2014.
Eaton, Eaton and Allen, Microeconomics, 8th edition, Pearson Education, 2012.
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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