## Econ306

## Course Outline

Notices- Kevin Leyton Brown notes on Spectrum Auctions
- Third Assignment due April 6
- Answers for Assignment 2
- Second Assignment due Feb. 27.
- Problem set 1 due Feb 10.
- First lecture January 10 (so half the class can write their final from last term)
- Ta is Floyd Zhang floydzhang93@gmail.com

There will be four assignments, due dates tba. You will need to hand in completed versions of the assignments, then you will be expected to correct your exam and resubmit it the week later. Assignments are worth 20% of the final mark. The midterm and final are each worth 40% of the final mark. The midterm will be held in class Thursday March 2.

To prepare for the course, make sure you understand the mathematics that is described in the Math Tutorial below. There is no required textbook for the course. Many of the lectures cover material that is covered in Preston McAfee's online text, but the readings that are listed (and will be listed) here are all that is required for the course. You can get the pdf version of McAfee's book at http://www.mcafee.cc/Introecon/IEA.pdf. There is a printed version with nicer graphs and additional problems that you can get from http://www.introecon.com, but you shouldn't need this, and we will only follow a small bit of the book.

- Math Preparation - same as Econ304
- This link leads to a math tutorial written by Martin Osborne at U of Toronto. It contains most of what you will need to know about math as an economics student. Browse through to refresh your knowledge, then go back to it when you encounter a mathematical concept that you don\'t understand. Martin Osborne's Tutorial.

- Basic Game Theory
- Now chapter 16 in McAfee's text, pages 215 - 221. The newest version of the full text is at http://www.muhlenberg.edu/media/contentassets/pdf/economicanalysis/IEA.pdf.
- Gambit software for computing Nash Equilibrium. This software is not required and you will need to understand a bit more about game theory to run it. Also, you should do the computations by hand until you really understand them.
- For your interest, here is a link to a survey paper on computation of Nash equilibrium by Mclennan and McKelvey. This is not required reading, just for your interest.
- Price of Anarchy. This is the reading that goes along with the discussion we had about computer networks.
- Centipede game we discussed in class, along with game of imperfect information
- McAfee text, two period games and subgame perfection
- Cournot, Bertrand, Search from the mcafee text
- Section 7.2 -7.4 in McAfee
- Directed Search and Bertrand Equilibrium

- Matching and Deferred Acceptance
- Auctions