Winter 2026
(under construction)
Taught by
Régis Renault: regis.renault@cyu.fr
Office CYU, Chênes 1. A106.
Phone: +33134257228
Texts
Mas-Colell, Andreu, Michael Dennis Whinston, and Jerry R. Green. Microeconomic theory. Vol. 1. New York: Oxford university press, 1995.
Tirole, Jean. The theory of industrial organization. MIT press, 1988.(Chapter 11)
Osborne, Martin J., and Ariel Rubinstein. A course in game theory. MIT press, 1994.
Course outline
I. General equilibrium.
January 5-26. Chapter 1. Competition and welfare in a general equilibrium (MWG ch. 15A, ch. 16, ch 19 A-B-C-F): SLIDES
Exchange economy (Ch. 15A), competitive equilibrium, efficiency, production, welfare theorems, (Ch. 16), Uncertainty (19B, contingent commodities), Arrow-Debreu Equilibrium (19C), examples of incomplete markets (19F), market failures more generally.
II Game theory.
January 27-February 17. Chapter 2. Games, strategies and equilibrium. SLIDES
Games and strategies. – Nash equilibrium. – Perfect equilibrium.
February 23-March 17. Chapter 3. Games with incomplete information.
Bayesian equilibrium. – Perfect Beayesian Equilibrium.
Grading.
Final grade weigh equally the grade on the two midterm and the grade on the final exam.
First midterm. February 2.
Second midtemr. March 9.
Homework assignments.
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