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MSc Economics

Year of entry: 2020

Course unit details:
Mathematical Economics

Unit code ECON60562
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 2
Offered by Economics
Available as a free choice unit? Yes

Aims

 

 The course is a rigorous introduction to game theory, exploring various models and their applications.

 

Learning outcomes

 

. By the end of this unit, students will be familiar with basic equilibrium solution concepts and ideas from game theory, will be able to solve related problem, and will be prepared to take any advanced micro-economics unit at research level.

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Syllabus

  1. Games in strategic form.
  2. Games in extensive form.
  3. Games with incomplete information and applications.

 

Teaching and learning methods

Lectures and tutorials.

Assessment methods

Method Weight
Other 20%
Written exam 80%

1. Participation in Example Class – 10%

2. Assignment - 10%

Recommended reading

The course is based on items 1 and 2 in the reading list, with some supplementary reading references to the other items on the list, as well as some papers.

Students will be asked to do weekly preliminary reading of relevant material prior to the lecture. Further reading in other texts may be also required as preparation for lecture.  Student should be aware that these readings are mandatory and are a part of the unit’s requirements and material for the exam.

The lecture itself will concentrate on parts of the material which are viewed as fundamental for further understanding of the course as a whole. Examples will be given, but the interaction is dynamic – students will be required to solve a weekly problem set and present some of their solutions in class.   

Reading List:

  1. Mas-Colell, Whinston, Green “Microeconomic Theory”
  2. Reny, Jehle, “Advance Microeconomic Theorey”
  3. M.J. Osborne, “An Introduction to Game Theory,” Oxford University Press.
  4. M. Maschler, E. Solan, and S. Zamir, “Game Theory,” Cambridge press.
  5. V. Krishna, “Auction Theory,” Elsevier Press.
  6. P. Klemperer, “Auction Theory and Practice,” Princeton University Press.

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Study hours

Scheduled activity hours
Lectures 18
Tutorials 9
Independent study hours
Independent study 123

Teaching staff

Staff member Role
Omer Idan Unit coordinator

Additional notes

Timetable
Lecture: Monday 10am-12pm
Tutorial: Monday 12pm-1pm

Pre-requisite(s): This is a challenging course! Students are expected to have taken ECON60101, ECON60081 with good marks.

 

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