Economics 92

Section 2

Calendar
Spring 2004

Some Old Exams, 02, 03, 04, 05, 06, 07, 08

Week 1

Day and Date
Tuesday 1/20 Thursday 1/22
Notes Buck Introduction Production Possibilities Frontiers: All about Opportunity Cost: 1, 2

In class we will use some online note 1 1 and notes 2.
Black Production Possibilities

Also see Robert Schenk's web site.
Text Dutta
Recommended Homework Hwk 1 or Hwk 1 or Hwk 1 or Hwk 1 or Hwk 1 

Week 2

Day and Date
Tuesday 1/27 Thursday 1/29
Notes Buck Supply and Demand: Equilibrium, Taxes, Surpluses and Shortages: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11

Price Ceiling
Price Floor
Taxes and Elasticities
Taxes: Who Pays?

 An Introduction to Probability
Black Supply and Demand

Elasticity
Text Dutta Chapter 26
Recommended Homework  Hwk 2 or Hwk 2
Hwk 3 or Hwk 3

Week 3

Day and Date
Tuesday 2/3 Thursday 2/5
Notes Buck More Probability and Expected Value Two First Looks: Applications and Theory
McCain An Intro to games
Texts Dutta Chapters 1&2
Recommended Homework
Hwk 4 or Hwk 4 or Hwk 4

Week 4

Day and Date
Tuesday 2/10 Thursday 2/12
Notes Buck Strategic Form Games and Dominant Strategies

Some Classic Strategic Form Games

 Dominance Solvability
McCain McCain on Prisoner's Dilemma and Dominant Strategies
Texts Dutta Chapter 3 Chapter 4
Homework

Week 5

Day and Date
Tuesday 2/17 Thursday 2/19
Notes Buck First Exam Nash Equilibrium

Nash Equilibrium: The Cola Wars

Critique of 'A Beautiful Mind'
McCain Nash Equilibrium
Texts Dutta Chapter 5
Homework An Application: The Commons Problem

Week 6

Day and Date
Tuesday 2/24 Thursday 2/26
Notes Buck Introduction to Gambit This is release time for you to work on a short biography (3-5 pages) of a game theorist of your choice.
McCain
Texts Dutta Chapter 7 Chapter 8
Recommended Homework Hwk 5 or Hwk 5

Week 7

Day and Date
Tuesday 3/2 Thursday 3/4
Notes Buck Mixed Strategies Two Applications: Monopoly and Bankruptcy
McCain Mixed Strategies On Bankruptcy
Texts Dutta Chapter 9
 Homework Writing Assignment Due Today!

3/6 - 3/14 Spring Break

Week 8

Day and Date
Tuesday 3/16 Thursday 3/18
Notes Buck Mixed Strategies Mixed Strategies
McCain
Texts Dutta
Recommended Homework   Hwk 6: 2 Practice Problems or Hwk 6 or Hwk 6

Week 9

Day and Date
Tuesday 3/23 Thursday 3/25
Notes Buck  Extensive Form Games
McCain Sequential Games
Texts Dutta Chapter 11 Chapter 12
Recommended Homework Hwk 7 or Hwk  or Hwk or Hwk Hwk 8  for a real challenge take a look at this duel problem between Hamilton and Burr

Week 10

Day and Date
Tuesday 3/30 Thursday 4/1
Notes Buck Subgame Perfect Equilibrium Subgame Perfect Equilibrium: George and Gina
McCain On Subgame Perfect Equilibrium
Texts Dutta Chapter 13 Chapter 13
Recommended Homework   Homework 9: Subgame perfect equilibrium

Week 11

Day and Date
Tuesday 4/6 Thursday 4/8
Notes Buck 2nd Exam Incomplete Information: Part I Static Games
McCain
Texts Dutta Chapter 14 Chapter 20
Recommended Homework

Week 12

Day and Date
Tuesday 4/13 Thursday 4/15
Notes Buck Incomplete Information: Part I Static Games Notes on Auctions

An essay on auctions
McCain
Texts Dutta Chapter 20
Recommended Homework Hwk 10 or Hwk  

Week 13

Day and Date
Tuesday 4/20 Thursday 4/22
Notes Buck Notes on Auctions

An essay on auctions

 Incomplete Information Part II: Dynamic Games
McCain
Texts Dutta Chapter 23 Chapter 20
Other Reading Agorics, Inc on Auctions

Going, Going, Gone by Loretta Mester

Vickrey Auctions in Practice by David Lucking Reiley
Recommended Homework Hwk 11 or Hwk

Week 14

Day and Date
Tuesday 4/27 Thursday 4/29
Notes Buck Incomplete Information Part II: Dynamic Games Lemons
McCain
Texts Dutta Chapter 20 Chapter 24
Recommended Homework Hwk 12  or Hwk

Final Exam: Thursday, May 6, 8:30-10:30