ECON406: Advanced Microeconomics

Expands on the models of rational decision-making developed in intermediate microeconomics and develops more complicated, more realistic models. In particular, many problems currently plaguing society involve uncertainty and asymmetric information, and much of modern microeconomics uses game theory to understand interactions between economic actors. The course will contrast market situations (referred to as games) characterized by complete information with those where economic actors have incomplete information. The differences between static and dynamic situations will also be examined.
Minimum grade of C- in ECON326. Restriction: Must be in Economics Bachelor of Science program. Credit only granted for: ECON406 or ECON414.
Credits: 3
Grading Method: Regular
Course Offering
    Fall 2017 Instructor: Erkut Ozbay
    Fall 2016 Instructor: Erkut Ozbay