Fall 2021 - ECON 302 D200
Microeconomic Theory II: Strategic Behavior (4)
Class Number: 2988
Delivery Method: In Person
Course Times + Location:
Tu 8:30 AM – 11:20 AM
AQ 3150, Burnaby
Exam Times + Location:
Dec 13, 2021
8:30 AM – 11:30 AM
AQ 3182, Burnaby
Prerequisites:ECON 201 or 301, with a minimum grade of C-; 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 reserved for students declared in the ECON major only.
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 2: 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
- Midterm 20%
- Final exam 30%
- 2 problem sets (10% each) 20%
- 3 in-class quizzes (10% each) 30%
“Intermediate Microeconomics: a modern approach”, by Hal R. Varian (any edition)
Department Undergraduate Notes:
Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.
Final exam schedules will be released during the second month of classes. If your course has a final exam, please ensure that you are available during the entire final exam period until you receive confirmation of your exam dates.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.
***NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***
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TEACHING AT SFU IN FALL 2021
Teaching at SFU in fall 2021 will involve primarily in-person instruction, with approximately 70 to 80 per cent of classes in person/on campus, with safety plans in place. Whether your course will be in-person or through remote methods will be clearly identified in the schedule of classes. You will also know at enrollment whether remote course components will be “live” (synchronous) or at your own pace (asynchronous).
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