- Syllabus – EconS 503
- Class Slides (classified by topics):
- Game Theory
- Introduction to games and their representation.
- Dominance solvable games: application of IDSDS and IDWDS.
- Pure strategy Nash equilibrium (psNE):
- Mixed strategy Nash equilibrium (msNE):
- Strictly competitive games, and max-min strategies.
- Sequential-move games, and subgame perfect equilibrium (SPNE).
- Strategic pre-commitment.
- Bargaining games over finite and infinite periods.
- Repeated games:
- Games of incomplete information – Bayesian Nash equilibrium (BNE).
- BNE in games with continuous action spaces:
- More applications of BNE with continuous action spaces (Auction Theory):
- More applications of BNE – Information aggregation among several players.
- From Bayesian Nash Equilibrium (BNE) to Perfect Bayesian Equilibrium (PBE): Link and Handout.
- A systematic procedure for finding all pure-strategy PBEs: Paper and Slides.
- Applications of PBE:
- How to find semi-separating PBEs (involving mixed strategies):
- Cheap-talk games:
- Signaling games in which both players (sender and receiver) are privately informed about their own type.
- Equilibrium refinement criteria (the “Intuitive Criterion” and the “Divinity Criterion”).

- Signaling games with continuous action spaces:
- Adverse selection and screening:
- Moral hazard:
- Mechanism design:
- General equilibrium theory:
- Social choice theory:
- Weekly review sessions (practice exercises with answer keys):
- Basic elements of game theory.
- Nash equilibrium.
- Subgame perfect equilibrium.
- Repeated games.
- Bayesian Nash equilibrium.
- Perfect Bayesian equilibrium (PBE) and signaling.
- PBEs and the application of Cho and Kreps’ Intuitive Criterion.
- Cheap talk games and labor market signaling.
- Adverse Selection-I.
- Adverse Selection-II.
- Adverse Selection-III.
- Moral Hazard.
- Mechanism Design.
- For the section of game theory and contract theory, you can find more explanations and examples in my book,
*Advanced Microeconomic Theory: An Intuitive Approach with Examples*,**Link**and in the workbook with answer keys,**Link**. - For the section of game theory, you can find more exercises (with answers) in my book:
*Strategy and Game Theory, Practice Exercises with Answers*.**Link**.

- For the section of game theory and contract theory, you can find more explanations and examples in my book,

- Homework assignments:
- Exams:

- Game Theory