TOPICS IN MICROECONOMICS - I
Course Description Game theory is an integral part of modern economic analysis. Topics in Microeconomics -I introduces the students to elementary game theory under complete information. This course introduces the basic concepts of game theory in a way that allows students to use them in solving simple problems. The course will deal with the solution concepts for normal form and extensive form games along with a variety of economic applications. Course Outline 1. Normal form games The normal form; dominant and dominated strategies; dominance solvability; mixed strategies; Nash equilibrium; symmetric single population games; applications. 2. Extensive form games with perfect information The game tree; strategies; subgame perfection; backward induction in finite games; commitment; bargaining; other applications. THIS SECTION COMPRISES PREVIOUS YEAR PAPERS OF TOPICS IN MICROECONOMICS - I 2012 2013 2014 2015 2016 2018 Reading: 1. Martin J. Osborne, An Introduction to Game Theory, ...