2024-2025 Undergraduate General Catalog


ECON 325 Game Theory and Math Economics

This course offers an introduction to mathematical models of economic behavior. Part I focuses on basic concepts in game theory, including best response analysis, Nash equilibria in pure and mixed strategies, simultaneous and sequential games, repeated games, and games with incomplete information. These concepts will be used to analyze various forms of economic competition. Part II applies the techniques of linear algebra, calculus, and optimal control theory to a wide range of micro and macroeconomic settings. Topics include comparative statics, multivariable and constrained optimization, and economic dynamics.

Credits

3

Prerequisite

MATH 151

Corequisite

ECON 320 (preferable as a prerequisite; may be a co-requisite)

Offered

Every other Spring, even years

Notes

this course is proposed to support the new Quantitive Economics major