ECON-L2300 - Advanced Microeconomics 3 D, Lecture, 17.1.2022-7.3.2022

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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: 17.01.2022 - 07.03.2022

Teacher in charge (valid for whole curriculum period):

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

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

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content

  • valid for whole curriculum period:

    -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 for whole curriculum period:

    60% exam, 40% assignments

Workload

  • valid for whole curriculum period:

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

DETAILS

Study Material

  • valid for whole curriculum period:

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

    Availability

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    8 Decent Work and Economic Growth

FURTHER INFORMATION

Further Information

  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Spring III

    2021-2022 Spring III

    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=ECON-L2300

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.

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

Aalto University Code of Academic Integrity and Handling Violations Thereof