ECON-L2300 - Advanced Microeconomics 3 D, 18.01.2021-08.03.2021

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Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

The students should become familiar with the central concepts of non-cooperative game theory and they should learn how to apply those in microeconomic applica-tions. After this course they should be able to read research articles that use game theory as the method of analysis.

Credits: 5

Schedule: 18.01.2021 - 08.03.2021

Teacher in charge (valid 01.08.2020-31.07.2022): Daniel Hauser

Teacher in charge (applies in this implementation): Daniel Hauser

Contact information for the course (applies in this implementation):

CEFR level (applies in this implementation):

Language of instruction and studies (valid 01.08.2020-31.07.2022):

Teaching language: English

Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • Valid 01.08.2020-31.07.2022:

    -Strategic form games: pure and mixed strategies, dominant and dominated strate-gies, rationalizable strategies, Nash equilibrium
    -Extensive form games: sequential rationality, backward induction, sub-game per-fect equilibrium, sequential equilibrium
    -Dynamic games of complete information: bargaining games, repeated games
    -Games of incomplete information: Bayesian Nash equilibrium, perfect Bayesian equilibrium

Assessment Methods and Criteria

  • Valid 01.08.2020-31.07.2022:

    Spring 2021: 60% exam, 40% assignments

    Spring 2022: 100% Exam

Workload

  • Valid 01.08.2020-31.07.2022:

    -Contact Teaching 24h
    -Exercise sessions 8h
    -Exam 2h
    -Independent work 126h

DETAILS

Study Material

  • Valid 01.08.2020-31.07.2022:

    Textbook by Mas-Colell, Whinston and Green (Microeconomic Theory, 1995, Oxford University Press)

    Availability

Substitutes for Courses

  • Valid 01.08.2020-31.07.2022:

    Korvaa poistuneen kurssin 31L30213

Prerequisites

  • Valid 01.08.2020-31.07.2022:

    Advanced Microeconomics 1 and 2

SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

Rules of Conduct - Students´ Rights and Responsibilities (in force from 1 August 2020)

Aalto University Code of Academic Integrity and Handling Violations Thereof