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Nov 24, 2024
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ECON 712 - Microeconomic Theory II (3 units)
Use of game theoretic models in economics. General theory of individual choice under risk and uncertainty or asymmetric information.
Grading Basis: Graded
Units of Lecture: 3
Offered: Every Spring
Student Learning Outcomes
Upon completion of this course, students will be able to:
1. demonstrate understanding of how rational agents behave in a strategic environment.
2. demonstrate understanding of strategic behavior in static and dynamic framework.
3. demonstrate understanding of strategic behavior when agents do not have complete information about the economic environment.
4. demonstrate understanding of game theoretic equilibria and what kind of equilibrium is appropriate in what context.
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