0 to 3 credits
Spring 2026 Lecture
An advanced course in game theory and general equilibrium theory. Among the topics covered are: games in strategic form, games in extensive form, games of incomplete information, cooperative games with side payments, mechanism design, consumer choice theory, Pareto optimality, the Arrow-Debreu-McKenzie model, and the existence and stability of competitive equilibria. Prerequisite: ECON 60600.
Learning Outcomes1Demonstrate an advanced understanding of microeconomic topics, including extensions in game theory, Pareto optimality, the Arrow-Debreu-McKenzie model, and the existence and stability of competitive equilibria.
2Identify insights game theory provides in translating informal descriptions of multi-person decision situations into formal game-theoretic problems, including the class of games in which the players are tasked to simultaneously distribute limited resources over several objects.
3Understand the perspective provided by general equilibrium analysis contrasted with particle equilibrium theory.
Restrictions
made by Purdue students.