Advanced Microeconomic Theory (ECON0059)

Key information

Faculty: Faculty of Social and Historical Sciences
Teaching department: Economics
Credit value: 15

Restrictions: The MSc-level ECON0065 Microeconomics module is the firm pre-requisite. Suitable for 果冻影院 MSc Economics students and 果冻影院 MSc Data Science & Public Policy (Economics route) students who are taking ECON0065.
Timetable

Alternative credit options

There are no alternative credit options available for this module.

Description

Aims: In this module we shall analyze strategic behaviour of rational decision makers in situations of conflict or other interaction. We say that decision making is strategic if it involves taking into account what other agents want, know, believe and do. Strategic behaviour is an important component in interactions such as market competition between firms, bilateral bargaining, auctions, voting, information transmission, etc. Game Theory is a name for a collection of analytic tools that economists use to understand strategic interactions. In this module we will introduce some of these tools: strategic-form games with complete information, strategic-form games with incomplete information, dynamic games, equilibrium concepts for analyzing these games. We will present many economic applications of these tools as well as some behavioural evidence.

Prerequisites: ECON0065: Microeconomics

Module deliveries for 2024/25 academic year

Intended teaching term: Term 2 听听听 Postgraduate (FHEQ Level 7)

Teaching and assessment

Mode of study: In person
Methods of assessment: 100% Exam
Mark scheme: Numeric Marks

Other information

Number of students on module in previous year: 34
Module leader: Professor Ran Spiegler
Who to contact for more information: economics.msc.admissions@ucl.ac.uk

Last updated

This module description was last updated on 8th April 2024.

听

Useful links

Sustainability

For a list of modules related to climate change as well as social and environmental sustainability at 果冻影院, type 'climate' or 'sustainability' into the search. Visit Sustainable 果冻影院 for information on extra-curricular activity on sustainability.

Important information

The catalogue has been updated with key information about the modules that will run during the 2024/25 academic session. Current and prospective students can browse through the catalogue to consider possible module choices for the coming year.

Please note,听information in the catalogue is听subject to change as teaching and assessment arrangements for 2024/25 may need to be adjusted in line with the University's Feedback and Assessment principles and operating model.

Centrally managed exam durations will be provided on students' individual exam timetables. Arrangements for locally managed exams and in-class activity will be confirmed by the teaching department for the module.

听