EC341: Mathematical Economics 2: Mechanism Design and Alternative Games

15 CATS - Department of Economics

Principal Aims

The module aims to introduce advanced topics in mathematical economics and applied game theory. The treatment builds on the foundation established in module EC220.

Principal Learning Outcomes

By the end of the module, the student should be able to:

Appreciate the use and limitations of formal mathematical approaches to economic theory and applications;

Be familiar with the main results and open questions in the chosen areas;

Demonstrate skills in team working, the absorption and analysis of peer-reviewed literature.

Syllabus

Illustrative Topics might include:

Network games (games played among networked players and games of network formation)

Evolutionary games

Auctions and mechanism design

Context

Pre or Co-requisites: EC220 Mathematical Economics 1a
Restrictions: Not available to non-final year students on Economics-based degrees.
Part-year Availability for Visiting Students: Available in the Autumn term only (1 x 1500 word essay and 1 x presentation 12 CATS)

Assessment

Assessment Method: Coursework (30%) + 2 hour exam (70%)
Coursework Details: One Presentation (5%) and one assessment (25%)
Exam Timing: May/June

Exam Rubric

Time Allowed: 2 hours.

Answer ONE question in Section A, ONE question in Section B and ONE question in Section C. All questions carry equal marks. Answer Section A questions in one booklet, Section B questions in a separate booklet; and Section C questions in a separate booklet.

Approved pocket calculators are allowed.

Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.