ECON8021 Economics of Uncertainty and Information
| Offered By | School of Economics |
|---|---|
| Academic Career | Graduate Coursework |
| Course Subject | Economics |
| Offered in | Second Semester, 2010 |
| Unit Value | 6 units |
| Course Description |
This course continues the discussion of microeconomic theory at the graduate level, as started in ECON8011 Microeconomic Theory A. The first part of the course consists of an introduction to game theory, while the second part covers the economics of information, contract theory, and mechanism design. Students are expected to have the ability to follow rigorous abstract arguments, as used in the construction and analysis of mathematical models in economics. While no prior knowledge of game theory is required, some familiarity with basic game theoretic concepts, such as Nash equilibrium and various game forms, will be helpful. Students who are interested in learning game theory, but who have not taken ECON8011 Microeconomic Theory A or any other introductory game theory course, should instead consider enrolling in ECON8053 Strategic Thinking: An Introduction to Game Theory. |
| Learning Outcomes |
This course continues the discussion of graduate level microeconomic theory, as started in ECON8011 - Microeconomic Theory A. The first part of the course consists of an introduction to game theory, while the second part covers the economics of information, contract theory, and mechanism design. Students are expected to have the ability to follow rigorous abstract arguments, as used in the construction and analysis of mathematical models in economics. While no prior knowledge of game theory is required, some familiarity with basic game theoretic concepts, such as Nash equilibrium and various game forms, will be helpful. Students who are interested in learning game theory, but who have not taken ECON8011 or any other introductory game theory course, should instead consider enrolling in ECON8053 - Strategic Thinking: An Introduction to Game Theory. |
| Indicative Assessment |
Assessment for the two parts of the course will be independent and will contribute 50% each towards your final grade. Out of the 50% assigned to the first part, 40% will be based on a 3 hour exam that will take place after the mid-semester break. The remaining 10% will be based on in class student presentations of assigned problems, and on student participation during the presentations of other students. |
| Workload | 12 hours per week |
| Course Classification(s) | AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. |
| Areas of Interest | Economics |
| Eligibility | An honours degree in Economics with H2A or higher, or completion of a Graduate Diploma in Economics with an exit grade of Merit or better |
|
Assumed Knowledge and Required Skills |
Some familiarity with basic game theoretic concepts, such as Nash equilibrium and various game forms, will be helpful. |
| Prescribed Texts |
See Course website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8021 |
| Preliminary Reading |
See Course website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8021 |
| Indicative Reading List |
See Course website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8021 |
| Programs | Graduate Diploma in Applied Economics, Graduate Diploma in Economic Policy, Graduate Diploma in Economics, Master of Applied Economics, Master of Economic Policy, and Master of Economics |
| Other Information |
For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON8021 |
| Academic Contact | See http://teaching.fec.anu.edu.au/ECON8021/ |
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.
