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Course Criteria
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4.00 Credits
This course is intended to be an introduction to the study of the role of government in the economy, with an emphasis on the microeconomic aspects of this role. Both the taxation and the expenditure sides of government activity will be studied. The first part of the course will be devoted to the theory of public finance in order to build a foundation for the remainder of the course, which involved the application of this theory to particular programs and institutions (policy analysis). Typical topic include: public goods, social security, income taxation, tax reform, fiscal federalism, ect.
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4.00 Credits
This course is a required course for the Economics and Business Strategy major (organizations track) and will be valuable for advanced undergraduates majoring in economics, physics, and mathematics who are interested in pursuing graduate studies in economics. The course is concerned with the design of allocation mechanisms when economic agents have heterogeneous preferences and private information. Examples include the allocation of spectrum licenses to the operators of mobile phone networks, the decision as to whether to provide a public good, the allocation of men to women for dating purposes, and the allocation of students to colleges. Basic results in the mechanism design and auction theories will be covered. Formal concepts used in the course include: mathematical expectation, conditional mathematical expectation, Bayes' rule; the chain and the product rules for differentiation, integration by parts, optimization; extensive and normal form games, the Nash equilibrium, and the Bayes-Nash equilibrium.
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4.00 Credits
This course is a required course for the Economics and Business Strategy major (organizations track) and will be valuable for advanced undergraduates majoring in economics, physics, and mathematics who are interested in pursuing graduate studies in economics. The course is concerned with the design of allocation mechanisms when economic agents have heterogeneous preferences and private information. Examples include the allocation of spectrum licenses to the operators of mobile phone networks, the decision as to whether to provide a public good, the allocation of men to women for dating purposes, and the allocation of students to colleges. Basic results in the mechanism design and auction theories will be covered. Formal concepts used in the course include: mathematical expectation, conditional mathematical expectation, Bayes' rule; the chain and the product rules for differentiation, integration by parts, optimization; extensive and normal form games, the Nash equilibrium, and the Bayes-Nash equilibrium.
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4.00 Credits
Game theory, despite its frivolous-sounding name, gives us a unified approach to understanding social phenomena. It helps us understand not just the way people play games in the usual sense, like tic-tac-toe, chess or poker, but the way they behave in complex social situations as well. Examples of situations to which we will apply the theory include (but are not limited to): arms races, provision of public goods, competition between firms, electoral campaigns, voting, auctions, and bargaining. While there are no formal prerequisites, aptitude for logical or mathematical reasoning is desirable.
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4.00 Credits
Independent research on an economic problem chosen by the student and approved by a member of the faculty who agrees to supervise the research. Each student must write a substantial paper that reports on the outcome of that research. Class presentation on the progress of this research are also required.
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0.00 Credits
No course description available.
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0.00 Credits
No course description available.
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0.00 Credits
No course description available.
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0.00 Credits
No course description available.
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0.00 Credits
No course description available.
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