IGESS (Institute for Global Economics and Social Sciences)

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ECN300CA（経済学 / Economics 300）
Micro Economics A

Toshiyuki HIRAI

Class code etc
Faculty/Graduate school IGESS (Institute for Global Economics and Social Sciences)
Attached documents
Year 2022
Class code K6768
Previous Class code
Previous Class title
Term 春学期授業/Spring
Day/Period 月3/Mon.3
Class Type
Campus 多摩
Classroom name 各学部・研究科等の時間割等で確認
Grade 3～4
Credit(s) 2
Notes
Open Program
Open Program (Notes)
Global Open Program ○
Interdepartmental class taking system for Academic Achievers
Interdepartmental class taking system for Academic Achievers (Notes)
Class taught by instructors with practical experience
SDGs CP
Urban Design CP
Diversity CP
Learning for the Future CP
Carbon Neutral CP
Chiyoda Campus Consortium
Category Advanced Courses／専門科目
Disciplinary Courses／IGESS科目
Ⅱ. Global Economy
Faculty Sponsored Department Economics

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Outline and objectives

This course provides elementary game theory, which is essential for economic analysis. Students also learn some basic economic applications.

Goal

By the end of the course, students are expected to:
A) understand the concepts of game theory and become able to explain them;
B) become able to capture real-life economic phenomenon by game theory, if applicable;
C) become able to analyze simple games.

Which item of the diploma policy will be obtained by taking this class?

ディプロマポリシーのうち、経済学科は「DP1」「DP7」「DP8」「DP9」に関連。国際経済学科・現代ビジネス学科は「DP1」「DP7」に関連。

Default language used in class

日本語 / Japanese

Method(s)（学期の途中で変更になる場合には、別途提示します。 /If the Method(s) is changed, we will announce the details of any changes. ）

The classes are planned to be provided as in-class lectures at the moment (as of mid of January). Class handouts will be available at Hoppii. Also, students will be assigned online assignments, which will be available at Hoppii. Feedback for the online assignments is also delivered through Hoppii.

Active learning in class (Group discussion, Debate.etc.)

なし / No

Fieldwork in class

なし / No

Schedule

授業形態/methods of teaching：対面/face to face

※各回の授業形態は予定です。教員の指示に従ってください。

1[対面/face to face]：Introduction, Mathematical preparation

Description of the course; Mathematical preparation

2[対面/face to face]：Strategic game (1)

Strategic games and their bi-matrix representation; Elementary examples

3[対面/face to face]：Strategic game (2)

Best response strategies; Nash equilibrium

4[対面/face to face]：Strategic game (3)

(Weak) dominant strategies; Iterated elimination of (weakly) dominated strategies

5[対面/face to face]：Strategic game (4)

Mixed strategies; Mixed strategy Nash equilibrium

6[対面/face to face]：Applications of strategic games (1)

Oligopoly 1: Quantity competition (Cournot market)

7[対面/face to face]：Applications of strategic games (2)

Oligopoly 2: Price competition (Bertrand market)

8[対面/face to face]：Applications of strategic games (3)

Public good provision

9[対面/face to face]：Applications of strategic games (4)

Mechanism design: Second price auction, VCG mechanism

10[対面/face to face]：Extensive game (1)

Extensive games and their tree representation, strategies of extensive game

11[対面/face to face]：Extensive game (2)

Subgame perfect Nash equilibrium; Backward induction

12[対面/face to face]：Applications of extensive game (1)

Oligopoly 3: Stackelberg market

13[対面/face to face]：Applications of extensive game (2)

Repeated game; Cartel

14[対面/face to face]：Summary

Summary

Work to be done outside of class (preparation, etc.)

Before/after each class, students are expected to spend four hours to understand the class content.

Textbooks

N/A

References

Announced in classes

Grading criteria

Final exam 80%; Online assignments 20%

Changes following student comments

N/A

Equipment student needs to prepare

Please get used to the operation of Hoppii