3.0

credits

Average Course Rating

The course covers parts of game theory and the economics of information. Game theory topics include solution concepts such as dominance, Nash equilibrium, subgame perfect equilibrium and Perfect Bayesian equilibrium. We will discuss both static and dynamic games and games of complete and incomplete information. The course also introduces the economic issues associated with asymmetric information and analyzes the institutions and mechanisms designed to mitigate the resulting inefficiencies. Topics include adverse selection, moral hazard, incentive contracts, and mechanism design.