Date |
Notes |
Readings |
Homework/Exams |
| January 6 |
Lecture 1: Edgeworth Boxes |
MWG 15.B |
-- |
| January 8 |
Lecture 2: Private Ownership Economies. First Welfare Theorem |
MWG 15.C and 16.A-C |
Hw 1, due January 15th |
| January 13,15 |
Lectures 3 & 4: Second Welfare Theorem |
MWG 16.D,E |
-- |
| January 20 |
Lecture 5: FOC-s for PO and WE |
MWG 16.F |
-- |
| January 22, 27 |
Lectures 6 & 7: Walras Equilibrium. Definition and Existence |
MWG 17.A-C, Appendix B, AD paper |
Hw 2, due February 3rd |
| January 29 |
Lecture 8: Lindahl Equilibrium: definition and welfare properties |
MWG 17.E,F |
-- |
| February 3 |
Lecture 9: The Core of an exchange economy |
MWG 18.A,B, |
-- |
| February 5 |
No class |
-- |
-- |
| February 10 |
Lecture 10: Walras equilibrium and the core |
MWG 18.A,B, Aumann's paper |
-- |
| February 12 |
Lecture 11: Arrow-Debreu and Radner Equilibrium |
MWG 19.A-E |
Hw 3, due February 19th |
| February 17 |
Lecture 12: Complete versus Incomplete Markets |
-- |
-- |
| February 19 |
Lecture 13: State Prices and Arbitrage |
-- |
Hw 4, due February 27 |
| February 24 |
Lecture 14: Constrained Efficiency |
-- |
-- |
| February 26 |
MIDTERM |
-- |
Midterm |
| March 10 |
Lecture 16: Normal Form Games. Dominant Strategies |
MWG 8.A-B, FT 1.1 |
-- |
| March 12 |
Lecture 17: Rationalizability |
MWG 8.C, FT 2.1 |
-- |
| March 17 |
Lecture 18: Nash Equilibrium |
MWG 8.D, FT 1.2-3 |
-- |
| March 19 |
Lecture 19: Extensive-Form Games: Backward Induction |
MWG 9.B, Appendix A, FT 3. |
-- |
| March 24 |
Lecture 20:Bayesian Games |
MWG 8.E, FT 6. |
Hw 5, due March 31 |
| March 26 |
Lecture 21: Trembling-hand Perfection |
MWG 8.F |
-- |
| March 31 |
Lecture 22: Weak Perfect Bayesian Equilibrium |
MWG 9.C |
-- |
| April 7 |
Lecture 23: Computation of Weak Perfect Bayesian Equilibrium |
MWG 9.C |
-- |
| April 9 |
Lecture 24: Sequential Equilibrium |
MWG 9.D, FT 8.3. |
Hw 6, due April 20 |
| April 14 |
Lecture 25: Signaling |
MWG 13, FT 8.2. |
-- |
| April 16 |
Lecture 26: Signaling |
MWG 13. |
-- |