Information regarding our 2023/24 admissions cycle

Our 2023/24 postgraduate taught admissions cycle will open on Monday, 10 October. For most programmes, the application form will not open until this date.

MSc Economics / Course details

Year of entry: 2023

Course unit details:
Mathematical Economics

Course unit fact file
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
Available as a free choice unit? Yes

Overview

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

Pre/co-requisites

Pre-requisite(s): This is a very challenging course!  Students are expected to have
taken a) ECON60081 and b) with good marks.ECON60101 or ECON60401,

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.

.

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%

 

 

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 given 5 problem sets. MSc students are required to submit 2 of these for marking and PhDs should
submit all for marking. Students may submit more, in which case the best 2 will be chosen. Solutions will be discussed at 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.

.

Study hours

Scheduled activity hours
Lectures 20
Tutorials 10
Independent study hours
Independent study 120

Teaching staff

Staff member Role
Omer Idan Unit coordinator

Additional notes

 

 

Return to course details