EC487 Syllabus
EC487 Syllabus
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).
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)