ECON1100 Economics I (H)
First Year Course
| Offered By | School of Economics |
|---|---|
| Academic Career | Undergraduate |
| Course Subject | Economics |
| Offered in | Second Semester, 2009 and Second Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
This class covers some of the most basic concepts of game theory with some mathematical rigor. It is designed as a first undergraduate course in its area. Students are expected to have some "mathematical maturity", as the concepts will be explained via abstract mathematical models and examples. We will also cover introductory probability theory as this is an essential tool to learn game theory. The course is designed for better performing students who want to extend their exposure to economics beyond that offered in the standard first year courses in microeconomics and macroeconomics. It is expected that students read and study a lot of material between classes. |
| Learning Outcomes | After taking the course ECON1100 students are able to calculate elementary probabilities, including expected values, variance and linear correlation of random variables and to calculate conditional probabilities, to apply basic expected utility theory, to find the Nash equilibrium and dominant and dominated strategies of normal form games. They are also able to read any scientific material that requires these standard techniques, including basic game theory (static games of complete information). |
| Indicative Assessment |
There will be only a final exam. The final grade for this class will be calculated as follows: + 70% of your final exam + 30% of your homework. |
| Workload |
Lectures and tutorials as for ECON1102 Macroeconomics 1 plus two additional contact hours per week. |
| Areas of Interest | Economics |
| Requisite Statement |
ECON1101 Microeconomics 1. |
| Incompatibility |
Incompatible with ECON 1001/1011 Economics I (P or H) and ECON 1102 Macroeconomics 1 |
| Prescribed Texts | See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100 |
| Preliminary Reading |
See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100
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| Indicative Reading List | See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100 |
| Other Information |
This course may be taken as an alternative to ECON1102 Macroeconomics 1 and satisfies all prerequisites that would be satisfied by that course. For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100 |
| Academic Contact | See: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100 |
The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.
