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.
