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Game Theory and Information Economics Course

This document provides information on the ECON324 GAME THEORY AND INFORMATION ECONOMICS course for the 2019 fall semester. The course will be taught by Seung Han Yoo and covers static and dynamic games with complete and incomplete information, including Nash equilibrium, subgame perfect Nash equilibrium, Bayesian Nash equilibrium, perfect Bayesian equilibrium, adverse selection, and moral hazard. Assessment will include homework, a midterm exam, and a final exam. Office hours are by appointment.

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Jung Yeol Kim
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8 views1 page

Game Theory and Information Economics Course

This document provides information on the ECON324 GAME THEORY AND INFORMATION ECONOMICS course for the 2019 fall semester. The course will be taught by Seung Han Yoo and covers static and dynamic games with complete and incomplete information, including Nash equilibrium, subgame perfect Nash equilibrium, Bayesian Nash equilibrium, perfect Bayesian equilibrium, adverse selection, and moral hazard. Assessment will include homework, a midterm exam, and a final exam. Office hours are by appointment.

Uploaded by

Jung Yeol Kim
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ECON324 GAME THEORY AND INFORMATION ECONOMICS– 2019 FALL

Seung Han Yoo


shyoo@[Link]

Course Description and Scope


Game theory studies strategic interactions between players in which each player’s payoff
depends not only on the player’s own action, but also on other players’ choices. Game theory
is now a standard analytical tool in economics, other social sciences and even sciences. This
course covers static games with complete information, dynamic games with complete
information, static games with incomplete information, and dynamic games with incomplete
information. In addition, the course introduces moral hazard and adverse selection models.

References
Gibbons Game theory for applied economists
Osborne An introduction to game theory
Macho-Stadler and Pérez-Castrillo An introduction to the economics of information

Schedule
Introduction to game: players, strategies and payoff
Dominant strategy
Nash equilibrium I
Nash equilibrium II examples
Dynamic game
Subgame perfect Nash equilibrium
Repeated game
Incomplete information game
Bayesian Nash equilibrium
Dynamic game with incomplete information
Perfect Bayesian equilibrium
Adverse selection
Moral hazard

Prerequisite for course


Intermediate microeconomics
Mathematics for economists

Course Assessment
Homework 10%
Midterm exam 45%
Final exam 45%

Office hours
By appointment

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