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Mathematical Economics (FEB23017)
Erasmus Universiteit Rotterdam
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Mathematical Economics
FEB
Introduction to the Course
Introduction to the Course: General Information
Lecturer: i Vladimir Karamychev, EUR, H9-19, Karamychev@ESE.EUR i Office hours: Monday 09:30-11:
Overview:
- General Information
- Course composition
- Course structure
Introduction to the Course: General Information
3
1. General Information
This is a microeconomics course:
i Because microeconomics is “the Bone and the Brain” of Modern economics
Mathematically advanced course:
i We use some advanced math tools (ODE) to solve microeconomics problems
This is a theory course:
i Examples and applications are rudimentary and serve illustration purposes
This is an advanced theory course:
i We study few advanced models from the literature (economics journals)
Introduction to the Course: General Information
It is often said:
i Economics is all about welfare Then: i Microeconomics is all about choice
We distinguish two environments where economic agents make choices:
i Individual choice, in particular: ¾ Consumer choice: classical microeconomics i Collective choices, where many agents make choices ¾ Game Theory (also considered as a part of micro)
Introduction to the Course: Course structure
3. Course structure
Week Topics Chapters 1 Part 1. Choice theory, integrability problem, substitution elasticity. ODE. Tutorials
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2 Part 2. Game theory: static games. Nash equilibrium T: P2 (Ch-6) 3 Part 3A. Dynamic games. SPNE T: P3 (Ch. 7-8) 4 Part 3B. Multistage and repeated games T: P3 (Ch. 9-11) 5 Part 4. Static games of incomplete information T: P4 (Ch. 12-14) 6 Part 5A. Dynamic games with incomplete info T: P5 (Ch. 15) 7 Part 5B. Dynamic games and Information T: P5 (Ch. 16-18)
0-Intro - Intro
Vak: Mathematical Economics (FEB23017)
Universiteit: Erasmus Universiteit Rotterdam
