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EC 306 Syllabus

This document provides information about the Advanced Microeconomics course for the Spring 2011 semester at Boğaziçi University Department of Economics, including the instructor and teaching assistant contact details, grading policy, exam schedule, recommended textbooks, and course outline. There will be quizzes, a midterm exam, and a final exam. Problem sets will not be graded but are recommended for exam preparation. Topics will include economics of information, Bayesian games, games of asymmetric information, information cascades, price dispersion, political economy, social choice theory, voting rules, and impossibility theorems.

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211 views

EC 306 Syllabus

This document provides information about the Advanced Microeconomics course for the Spring 2011 semester at Boğaziçi University Department of Economics, including the instructor and teaching assistant contact details, grading policy, exam schedule, recommended textbooks, and course outline. There will be quizzes, a midterm exam, and a final exam. Problem sets will not be graded but are recommended for exam preparation. Topics will include economics of information, Bayesian games, games of asymmetric information, information cascades, price dispersion, political economy, social choice theory, voting rules, and impossibility theorems.

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Alp San
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We take content rights seriously. If you suspect this is your content, claim it here.
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Boazii University Department of Economics EC 306 Advanced Microeconomics Spring 2011

Instructor Lectures Office Hours TA PS Schedule Grading Deniz Selman (NB 224, [email protected]) MWW 789 (NBZ13 B201 B201). By appointment. (I find that this way is more useful than setting a time which will conflict with many of your schedules, but in order for it to work you must please not hesitate to contact me for an appointment!) Meltem Odaba ([email protected]), Office Hours: Wednesday 15.00-16.00 (B201A). Monday 16.00-17.00 (NBZ13). Quizzes (20%), Midterm Exam (35%), Final Exam (45%) There will be several (between 7 and 10) pop quizzes during the semester. You will receive a zero for any quiz that you miss for any reason. To accommodate valid excuses for absence, your lowest two quiz grades will be dropped and the average of the others will constitute the quiz portion of your grade. There will be problem sets assigned approximately every other week. While these problem sets will not be graded, working on them diligently is the most effective way to prepare you for the exams. I recommend you first work on your own and then meet to discuss the problems in groups. In addition, Meltem will review questions from past problem sets in problem sessions.

Problem Sets

Exam Schedule There will be one midterm exam in or around the first week of April. (Exact time and date TBA.) Suggested Texts
MICROECONOMIC THEORY (ADVANCED UNDERGRADUATE LEVEL)

Kreps, David M. (1990). A Course in Microeconomic Theory. Financial Times Prentice Hall. Rubinstein, Ariel (2006). Lecture Notes in Microeconomic Theory. Princeton University Press. (Updated version available for free Varian, Hal R. (1992). Microeconomic Analysis. W. W. Norton & Company, 3rd Edition.
online at http://arielrubinstein.tau.ac.il/Rubinstein2007.pdf).

MICROECONOMIC THEORY (GRADUATE LEVEL)

Mas-Colell, Andreu, Michael D. Whinston and Jerry R. Green (1995). Microeconomic Theory. Oxford University Press.

GAME THEORY (ADVANCED UNDERGRADUATE LEVEL)

Gibbons, Robert (1992). Game Theory for Applied Economists. Princeton University Press. Macho-Stadler, Ins and J. David Prez-Castrillo (2001). An Introduction to the Economics of Information: Incentives and Contracts. Oxford University Press, 2nd Edition.

INFORMATION ECONOMICS

VOTING AND POLITICAL ECONOMY

Persson, Torsten and Guido Tabellini (2002). Political Economics: Explaining Economic Policy. The MIT Press.

Course Outline
Economics of Information Bayesian Games & Perfect Bayesian Equilibrium Games of Asymmetric Information (Moral Hazard, Adverse Selection) Information Cascades Price Dispersion (from Search Theory) Political Economy Social Choice/Public Welfare Voting Rules The (Arrow, Gibbard-Satterthwaite) Impossibility Theorems Topics in Game Theory Auctions? Bargaining? Reputations?

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