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Unit of study_

ECOS3901: Advanced Microeconomics Honours

ECOS3901 Advanced Microeconomics Hons is the second unit of study in the microeconomics sequence in the Advanced Economics Program. The unit develops understanding of modern applications of game theory. ECOS3901 builds on ECOS2901 and ECOS2903 and develops tools to solve static and dynamic games of incomplete information. The unit focuses on theory and applications of mechanism design to allocate scarce resources and create successful marketplaces. Applications include matching markets (student assignment, college admissions, organ exchange), bargaining/mediation, and many types of auctions, including simple auctions, online/keyword/financial auctions, and multi-item combinatorial auctions.

Code ECOS3901
Academic unit Economics
Credit points 6
Prerequisites:
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A minimum of ((65% in ECOS2901) or (75% in ECOS2001)) and 65% in (ECOS2903 or MATH2070 or MATH2970)
Corequisites:
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Prohibitions:
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Assumed knowledge:
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ECOS2903 or MATH2070

At the completion of this unit, you should be able to:

  • LO1. demonstrate a sound understanding of the structure of game theory and its application to various market design settings.
  • LO2. apply fundamental game-theoretic and microeconomic principles to diverse economic, social, political and business environments as well as to novel contexts.

Unit outlines

Unit outlines will be available 1 week before the first day of teaching for the relevant session.