Course Schedule and Catalog

Long Title: MICROECONOMICS III

Department: Economics

Grade Mode: Standard Letter

Course Type: Lecture

Credit Hours: 5

Prerequisite(s): ECON 501 AND ECON 508

Description: Social choice and preference aggregation. Cardinal welfarism Bargaining: axiomatic and strategic models. Cooperative games: core stability and coalition formation, Shapley value, cost and surplus sharing. Mechanism design: dominant strategy, strategy-proof voting, fair division, and cost sharing; implementation in Nash, Strong, and Bayesian Equilibrium.