MSc Financial Economics / Course details
Year of entry: 2021
- View tabs
- View full page
Course unit details:
|Unit level||FHEQ level 7 – master's degree or fourth year of an integrated master's degree|
|Teaching period(s)||Semester 2|
|Available as a free choice unit?||Yes|
The course is a rigorous introduction to game theory, exploring various models and their applications.
. 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.
- Games in strategic form.
- Games in extensive form.
- Games with incomplete information and applications.
Teaching and learning methods
Lectures and tutorials.
Exam - 80%
Participation in Example Class and submission of problem sets – 20%
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.
- Mas-Colell, Whinston, Green “Microeconomic Theory”
- Reny, Jehle, “Advance Microeconomic Theorey”
- M.J. Osborne, “An Introduction to Game Theory,” Oxford University Press.
- M. Maschler, E. Solan, and S. Zamir, “Game Theory,” Cambridge press.
- V. Krishna, “Auction Theory,” Elsevier Press.
- P. Klemperer, “Auction Theory and Practice,” Princeton University Press.
|Scheduled activity hours|
|Independent study hours|
|Omer Idan||Unit coordinator|
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.