ECON 417 - The Economics of Strategic Interaction

(3.00)

Economists have adapted and developed numerous analytical techniques to study settings where strategic interaction between a few agents - competitors or cooperators - is important. These techniques help us understand how imperfect information can affect bargaining, threats, contracting, market entry, vertical integration and the performance of oligopolies. This course surveys these techniques, defining and analyzing games with symmetric and asymmetric information, examining communication-related issues, including adverse selection, moral hazard, signaling, bargaining, auctions and issues in industrial organization. This course is especially recommended for students planning to go on to graduate school in business or economics.

Components: Lecture
Requirement Group: You must have completed ECON 311 with a grade of “C” or better before taking this class.