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Aug 21, 2024
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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. Possible Instructional Methods: 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.
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