ECON 504 Microeconomic Theory II
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The Theory of Noncooperative Games. Strategic form games: Dominance, Rationalizability, Nash Equilibrium and refinements; Extensive form games: Backward induction, Subgame Perfect Equilibrium; Information and Knowledge: Common Knowledge, Agreeing to Disagree, Incomplete and Imperfect Information; Contract Theory: Moral Hazard, Adverse Selection, Signalling; Mechanism Design: Full Implementation, Revelation Principle, Optimal Auctions; Repeated Games: Nash Reversion, Optimal Penal Codes, APS Techniques.
Credit units: 3 ECTS Credit units: 5.
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