ECON 601 - Advanced Microeconomics

Units: 4
Foundations of microeconomic theory with an emphasis on constrained optimization techniques to derive the competitive market model and to assess market welfare implications.

Prerequisites: ECON 600.
Equivalent Quarter Course: ECON 6102.
Possible Instructional Methods: Entirely On-ground.
Grading: A-F grading only.
Student Learning Outcomes - Upon successful completion of this course students will be able to:

Define interactive economic situations in precise game-theoretic language.
Model imperfect and incomplete information.
Formulate mathematically the appropriate notion of Nash equilibrium depending on the information structures and types of strategies.
Derive pure-strategy and mixed-strategy Nash equilibria in games with different information structures.