EC301: Mathematical Economics 2: Dynamics, Uncertainty & Asymmetrical Information
Introduction
EC301-15 Mathematical Economics 2: Dynamics, Uncertainty & Asymmetrical InformationPrincipal Aims
The module aims to introduce advanced topics in mathematical economics, information economics and applied game theory. The treatment builds on the foundation established in previous modules covering game theory.
Principal Learning Outcomes
Appreciate the use and limitations of formal mathematical approaches to economic theory and applications.
Demonstrate a comprehensive understanding of the main results and open questions in the chosen areas.
Demonstrate capacity of abstraction and problem solving.
Demonstrate capacity of critical, creative and strategic thinking.
Convey and interpret material to a critical audience.
Demonstrate capacity of analytical thinking, reasoning and application.
Show the ability to absorb and analyse peer-reviewed literature.
Understand the applications of Game Theory.
Syllabus
The module will typically cover the following topics:
The role of asymmetric information in competitive markets. Topics on games of incomplete information: Bayesian and Perfect Bayesian equilibrium - especially in signalling and agency games. Screening and moral hazard.
Context
- Optional Module
- GL11 - Year 3, GL12 - Year 3, L100 - Year 3, L103 - Year 4, L116 - Year 3, L1P5 - Year 1, L1PA - Year 1, LM1D (LLD2) - Year 3, LM1H - Year 4, Y602 - Year 3, Y603 - Year 4, G300 - Year 3, G301 - Year 4, G300 - Year 4
- Pre or Co-requisites
EC202-30 Microeconomics 2 OR
EC204-30 Economics 2 OR
EC220-15 Mathematical Economics 1A OR
EC238-15 Economics 2: Microeconomics OR
IB3J3-15 Mathematical Game Theory OR
ST234-10 Games and Decisions OR
CS409-15 Algorithmic Game Theory
Not available to non-final year students on Economics-based degrees.
Summary:Modules: EC202-30 or EC204-30 or EC238-15 or EC220-15 or IB3J3-15 or ST234-10 or CS409-15 or CS409-15
Assessment
- Assessment Method
- Coursework (40%) + Centrally-timetabled examination (On-campus) (60%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (60%) , In Class Test (40%)
- Exam Timing
- Summer