ANU - STUDYAT - Economics I (H)

Offered By:

School of Economics

Academic Career:

Undergraduate

Course Subject:

Economics

Offered in:

Second Semester, 2010

Unit Value:

6 units

Course Description:

This class covers some of the most basic concepts of game theory with some mathematical rigor. It is designed as a first undergraduate course in its area. Students are expected to have some "mathematical maturity", as the concepts will be explained via abstract mathematical models and examples. We will also cover introductory probability theory as this is an essential tool to learn game theory. The course is designed for better performing students who want to extend their exposure to economics beyond that offered in the standard first year courses in microeconomics and macroeconomics. It is expected that students read and study a lot of material between classes.

Learning Outcomes:

After taking the course ECON1100 students are able to calculate elementary probabilities, including expected values, variance and linear correlation of random variables and to calculate conditional probabilities, to apply basic expected utility theory, to find the Nash equilibrium and dominant and dominated strategies of normal form games. They are also able to read any scientific material that requires these standard techniques, including basic game theory (static games of complete information).

Indicative Assessment:

There will be only a final exam. The final grade for this class will be calculated as follows: + 70% of your final exam + 30% of your homework.

Workload:

Lectures and tutorials as for ECON1102 Macroeconomics 1 plus two additional contact hours per week.

Areas of Interest:

Economics

Requisite Statement:

ECON1101 Microeconomics 1.

Incompatibility:

Incompatible with ECON 1001/1011 Economics I (P or H) and ECON 1102 Macroeconomics 1

Prescribed Texts:

See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100

Preliminary Reading:

See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100

Indicative Reading List:

See Course Website: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100

Other Information:

This course may be taken as an alternative to ECON1102 Macroeconomics 1 and satisfies all prerequisites that would be satisfied by that course.

For further information please refer to http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100

Academic Contact:

See: http://ecocomm.anu.edu.au/courses/course.asp?code=ECON1100

Economics I (H) ECON1100 - Details