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In Microeconomics I, you learned social efficiency in the market. In this course, you will see that inefficiency can arise if certain conditions fail in the economy, and learn how to recover or improve efficiency in such economic environments. Game theory is the basic tool in the analysis.
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1. Introduction and preliminaries 2. Monopoly, price discrimination 3. Strategic-form games, Nash equilibrium 4. Extensive-form games, subgame-perfect equilibrium (i) 5. Extensive-form games, subgame-perfect equilibrium (ii) 6. Oligopoly: Cournot, Stackelberg, and Bertrand 7. Choice under uncertainty, attitude towards risk 8. Strategic-form games with incomplete information 9. Adverse selection and Moral hazard 10. Externalities 11. Public goods 12. Mechanism design 13. Adverse selection revisited 14. Signaling games 15. Final exam
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You need to submit problem sets distributed in the class. You also need to review the contents in the class every week.
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You will be able to understand advanced knowledge in game theory. You will be able to apply game-theoretic ideas to economic issues.
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You will be able to understand basic ideas in game theory. You will be able to understand why and how market failure arises in the economy. You will be able to how to tackle the problem of inefficiency in the market.
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Homework (20%), Final exam (80%).
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【成績評価の基準表】
| 秀(S) | 優(A) | 良(B) | 可(C) | 不可(F) |
| 履修目標を越えたレベルを達成している | 履修目標を達成している | 履修目標と到達目標の間にあるレベルを達成している | 到達目標を達成している | 到達目標を達成できていない |
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履修目標:授業で扱う内容(授業のねらい)を示す目標
到達目標:授業において最低限学生が身につける内容を示す目標
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【授業別ルーブリック】
| 評価項目 | 評価基準 |
| 期待している以上である | 十分に満足できる(履修目標) | やや努力を要する | 努力を要する(到達目標) | 相当の努力を要する |
| Understanding of the topics | Perfect understanding, and able to apply game theory to new problems. | Perfect understanding | Understanding most of the topics | Good understanding | No understanding |
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Weekly lectures. Handouts will be distributed.
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Wiil be explained in the first week.
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This course is aimed at students who have taken Microeconomics I.
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Learning Management System will be utilized. Register at https://lms.ynu.ac.jp/lms/
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