Master
2024/2025
Microeconomics: Applications
Type:
Elective course (Economics and Economic Policy)
Area of studies:
Economics
Delivered by:
Department of Theoretical Economics
Where:
Faculty of Economic Sciences
When:
1 year, 3, 4 module
Mode of studies:
offline
Open to:
students of all HSE University campuses
Master’s programme:
Economics and Economic policy
Language:
English
ECTS credits:
6
Course Syllabus
Abstract
This course has two parts. The first part is devoted to the advanced topics in Game Theory and its applications. The issues in non-cooperative theory cover some modern approaches to dynamic games, including games with incomplete information, and its essential applications, such as the model of job market signaling. The special attention will be paid to cooperative game theory, basic solution concepts, bargaining solution and the connection and open problems between cooperative and non-cooperative modeling. The course will include discussions on evolutionary games, bounded rationality behavior, hierarchical games, and some other related topics. The second part of the course introduces Contract Theory, Matching Theory, and Social Choice. The theory of contracts studies situations when a principal (e.g. manager) offers a contract to an agent (e.g. worker). The agent either has some private knowledge relevant for the principal (screening model) or can take a hidden action (moral hazard model). The theory of matching seeks to design mechanisms to match one side of a market (e.g. men) to the other side of the market (e.g. women). The social choice theory that studies preference aggregation rules and their normative appeal.