Topics in Microeconomics with Cross Section Econometrics

Description

Overview: This class builds on the conceptual framework of Microeconomics 2 by introducing students to market imperfections through the lens of game theory. Game theory is an analytical toolbox that allows us to understand decision making in strategic environments and the class will provide students with a foundation in game theoretic reasoning. Thereafter, this class will study how market imperfections create a role for Government in markets. In doing so, we will investigate topics including taxation, education, and crime and punishment. This class will also look to explore some of these ideas empirically using cross section data. These empirical methods will open up a new route for students to understand the key taught economic ideas in a real world context. Assessment: 30% class test; 20% group project and presentation; 50% final exam.