Description:
The course introduces students to game theory and strategic behavior.
The topics covered include: choice under uncertainty, game theory
(simultaneous and sequential games, games of asymmetric information and
bargaining games) and its applications, and market failure (market
power, public goods and externalities)
Required Text:
Eaton, Eaton and Allen
(2012), Microeconomics, 8th edition, Pearson Education. Note: older
editions are acceptable; if a student already owns `Intermediate
Microeconomics` by Varian, it could be used instead of the required
textbook.
McAfee, P. (2006), Introduction
to Economic Analysis can be used as
additional resource.
Two
Midterm Exams, each worth 25%. If you miss a
midterm exam, the weight will be transferred to the final.
There are no make-up midterms.
IMPORTANT: if you are going
to miss the midterm you must provide documented evidence of sickness or
other extenuating circumstances and you must INFORM ME BEFORE THE DAY
OF
THE EXAM.
Final Exam 50% - final is cumulative. To receive
credit for the course a student must write final exam.