Teaching

Economics 30200b: Price Theory IIb (Game theory)

The first part of the course will be devoted to the Walrasian model of general competitive equilibrium in price theory.  Topics include: basic models of consumers' preferences and demand, the core of an exchange economy, general equilibria in competitive market systems, modeling productive firms in competitive markets, existence and Pareto efficiency of competitive equilibria, and extensions of the general equilibrium model to include time and uncertainty. Then the second part of the course introduces the fundamental ideas of game theory: strategic-form games, Nash equilibrium, games with incomplete information, extensive-form games, sequential equilibrium, and repeated games. Winter 2018, last 5 weeks.

Economics 30300a: Price Theory IIIa (Risk and information in games and markets)

In the first five weeks of the quarter, this course will focus on the theory of games and markets where individuals face risks and have different information. We may begin with topics on Bayesian games (if not covered in Price Theory IIb), and then review some basic ideas about risk aversion and risk sharing with common information. We will then study basic models for understanding how transactions in organizations and markets may be affected by problems of moral hazard and adverse selection. Spring 2018, first 5 weeks.

Economics 20700: Game Theory

This course introduces students to the basic ideas and applications of game theory. Topics include models of games in extensive and strategic form, equilibria with randomization, Bayesian games where players have different information, sequential equilibria and beliefs in extensive games, and models of reputations and relationships in repeated games. Spring 2018.

Past Courses

Economics 20600: Economics of Information

Economics 36101: Economic Models of Politics