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Overview

The class meets Mondays and Wednesday 1:00-2:30 pm beginning Monday January 14 except that there will be no class January 21 (MLK day) or during the study break February 18 and February 20, nor during Spring break March 11 and March 13.

This class continues the study of economic theory. It has two halves. The first half, prior to Spring break (Levine), covers strategic form games, extensive form games, Bayesian games, and some more advanced topics in game theory. Relevant experimental results will be discussed. The second half, following Spring break (Berliant), covers general equilibrium theory and welfare economics.

Grades are based on two midterm exams, one for each half the class and each counting for half of your grade. As practice for the exams, there are 3-5 problem sets. These are optional, not turned in for credit, and the answers are reviewed in section. The "due dates" are your guide to when they problem sets are likely to be reviewed in section. The first midterm will take place on Wednesday March 6 during class.

The basic text for the first half the course is Game Theory by Fudenberg and Tirole. You may also find Myerson's Game Theory text a useful reference. The actual course readings are detailed in the course outline.

Information about the second half of the course will be forthcoming.