Econ 398 Syllabus Winter 2008

Econ 398 Syllabus Winter 2008 - Economics 398 Strategy...

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Economics 398: Strategy Class Syllabus and Policies Winter 2008 Professor: Emre Ozdenoren Class Time: Tuesday and Thursday 2:30 – 4 pm Class Location: 1120 Weill Office: 341 Lorch Hall Phone: 647-5606 E-mail: [email protected] Office Hours: Monday and Thursday 4:15-5:15pm Course Page: Course GSI’s: Jongsang Park [email protected] Office Hours: W-Th 10:00-11:00am Sections: 2 and 3 Matt Backus [email protected] Office Hours: W 1:30 - 2:30pm and F 12:00 – 1:00pm Sections: 4 and 5 Primary Text: Games of Strategy by Avinash Dixit and Susan Skeath, 2 nd edition, Norton Course Description In this course we will look at decision making by a rational agent. When there is a single agent, he or she picks the best action in order to maximize his or her objective. When there are several agents picking the optimal action becomes more difficult because agents must now behave strategically. Each agent must ask the following question: What should I do in order to obtain the best outcome when others’ decisions affect my outcome and my decisions affect others’ outcomes? The strategic aspect is important in many settings that economists naturally care about: bargaining among agents, auctions (or in general market interactions), political decision making, voting, etc. In this course we will first develop the tools that will enable us to understand strategic interactions, and then we apply these tools in settings such as the ones mentioned above. Prerequisites The prerequisite for this course is Economics 101. You will also need to know some basic calculus. 1
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Tentative Course Schedule Our class time will include lecture, group work, discussion, and some in-class activities. Any changes to this outline will be announced in class. Additional readings may be assigned as the semester proceeds. Week One (January 8 & 10) Chapter One: Basic Ideas and Examples Chapter Two: How To Think About Strategic Games Chapter Three: Games with Sequential Moves Week Two (January 15 & 17) Chapter Four: Simultaneous Move Games with Pure Strategies: Discrete Strategies Homework 1 due on January 17 Week Three (January 22 & 24) Chapter Five: Simultaneous Move Games with Pure Strategies: Continuous Strategies and Discussion Chapters Seven and Eight: Simultaneous Move Games with Mixed Strategies Homework 2 due on January 24 Week Four (January 29 & 31) Finish Chapters Seven and Eight Chapter Six: Combining Simultaneous and Sequential Moves Homework 3 due on January 31 Week Five (February 5 & 7) Review Class Exam One Week Six (February 12 & 14) Finish Chapter Six Week Seven (February 19 & 21) Chapter Ten: Strategic Moves Dr Strangelove Homework 4 due on February 21 Winter Break February 23-March 2 2
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