Module Convenor: Dr Arup Daripa
In the Microeconomics B module we pursue two goals. First, we focus on non-cooperative game theory, and the economics of information. Topics include: Modelling Competitive Situations, Solution Concepts, Incomplete Information, Repeated Play, Bargaining, Moral Hazard, Adverse Selection, Market Signalling, Auctions and Mechanism Design. The second goal is to get a better understanding of some topics in recent microeconomics literature, with each student writing a short essay on the basis of some assigned literature.
Assessment: 80.0% Examination, 20.0% Coursework