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EC487 Syllabus

This document is the syllabus for the EC 487 course taught by Dr. Rafayal Ahmed during the Michaelmas Term of 2019. It lists the instructor's contact information and office hours. It provides references for 6 microeconomics and game theory textbooks. The course will involve weekly 2-hour lectures on Fridays covering general equilibrium theory and game theoretic models of bargaining and oligopoly. There will be weekly problem sets and discussions. Topics over the 10 weeks include producer theory, pure exchange economies, welfare theorems, production economies, static games, monopoly, dynamic games, bargaining games, and repeated games.

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100% found this document useful (1 vote)
341 views2 pages

EC487 Syllabus

This document is the syllabus for the EC 487 course taught by Dr. Rafayal Ahmed during the Michaelmas Term of 2019. It lists the instructor's contact information and office hours. It provides references for 6 microeconomics and game theory textbooks. The course will involve weekly 2-hour lectures on Fridays covering general equilibrium theory and game theoretic models of bargaining and oligopoly. There will be weekly problem sets and discussions. Topics over the 10 weeks include producer theory, pure exchange economies, welfare theorems, production economies, static games, monopoly, dynamic games, bargaining games, and repeated games.

Uploaded by

kashmira
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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EC 487 Syllabus, Michaelmas Term 2019

Instructor: Dr. Rafayal Ahmed


E-mail: [email protected]
Office: 32 Lincoln’s Inn Fields, Room 2.18
Office Hours: Mondays 4:30-6:30pm and by appointment

Reference Books:
• Andreu Mas-Colell, Michael Whinston and Jerry Green, Microeconomic
Theory, Oxford: Oxford University Press, 1995. (MWG).
• Martin J. Osborne and Ariel Rubinstein, A Course in Game Theory, Cam-
bridge: M.I.T. Press, 1994.
• Drew Fudenberg and Jean Tirole, Game Theory, Cambridge: M.I.T. Press,
1991.
• David Kreps, A Course in Microeconomic Theory, Hemel Hemstead: Harvester-
Wheatsheaf, 1990.
• Hal Varian, Microeconomic Analysis, New York: Norton, 3rd edition,
1992.
• Robert Gibbons, A Primer in Game Theory, London: Harvester-Wheatsheaf,
1992.

Course Outline:
There will be 2 hours of weekly lectures on Fridays 14:30-16:30 at 32L.G.03. The
topics are (roughly) divided into two categories: General Equilibrium theory and
game theoretic models of bargaining and oligopoly. Starting from week 2, there
will be weekly problem sets posted on Moodle, and we will discuss the problems
during the class meetings (see your timetable for class locations and times).

The following is a proposed outline of what topics may be covered in the


weekly lectures:
• Week 1: Producer Theory (MWG chapter 5)

1
• Week 2: Intro to GE theory; pure exchange economies (MWG chapters
15.A-15.B, 17.A-17.C)
• Week 3: Optimality: the first and second welfare theorems (MWG chapter
16)

• Week 4: Production economies and externalities (MWG chapter 11.A-


11.C)
• Week 5: Static Games: Strategies and Nash equilibrium (MWG chapter
8.A-8.D)

• Week 6: Monopoly and static models of oligopoly (MWG chapter 12.A-


12.C)
• Week 7: Advanced topics in pricing (readings to be posted on Moodle)
and Strategic microfoundations of GE theory (MWG chapter 18)

• Week 8: Dynamic games: Extensive-form games and subgame perfect


Nash equilibrium (MWG chapter 9.A-9.B)
• Week 9: Bargaining games (MWG Appendix A from chapter 9)
• Week 10: Repeated games and the folk theorem (MWG chapter 12.D-12.F,
Appendix A)

• Week 11: Review.

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