ECONOMICS 805 The Ohio State UniversityWinter 2008 Department of EconomicsClasses: T, TH1:30-3:18 (RA 336) Recitations: F 11:30-1:18 (ARPS 386) F1:30-3:18 (ARPS 173) Prof. James Peck Ching-Jen Sun Office: 440 Arps Office: 464 Arps Tel. 292-0182 Tel. 688-5584 [email protected][email protected]Office Hours: M10:00-11:00W10:00-12:00 (or by appointment) Office Hours: to be arranged Course Website: http://www.econ.ohio-state.edu/jpeck/Econ805.htm Syllabus--Microeconomic Theory IIRequired Text: Mas-Colell A., Whinston M. D., and Green J. R., 1995, Microeconomic Theory, Oxford. Optional Texts: Varian H., 1992, Microeconomic Analysis, New York and London, Norton, 3ed ed. Kreps D., 1990, A Course in Microeconomic Theory, Princeton. Course Objectives: The course continues general equilibrium theory, bringing in uncertainty and trade contingent on the state of nature. We will cover insurance and securities markets with uncertainty but symmetric information. We then move on to various notions of perfect competition with asymmetric information: screening, signaling, lemons, and rational expectations. There will be an extensive introduction to game theory, which we use to analyzeimperfect competition.
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