Teaching

Course Slides

• Microeconomics I (Choice, preference and equilibrium) 

  • Introduction to choice and preference

  • Preference

  • Utility function

  • Duality

  • Revealed preference

  • Aggregate Demand

  • Choice under uncertainty

  • Production

  • General equilibrium

• Microeconomics II (Introduction to Game Theory)

  • Introducing non-cooperative games: basic concepts

  • Dominated strategies, rationalizability and Nash equilibrium

  • Quantity, price and spatial competition

  • Dynamic games and subgame perfection

  • Bargaining

  • Repeated games and trigger strategies

  • Incomplete information games and auctions

  • Perfect Bayesian equilibrium in signaling games

• Development Economics

  • Introduction and overview

  • Growth and convergence

  • Complemetarity and coordination failure

  • Inequality, markets and development

  • Policy stickiness

• Institutions, Norms and Evolution

  • Institutions and behavior

  • Spontaneous order

  • Coordination failures

  • Norms and cooperation

• Game Theory and Information

  • Nash and subgame perfect equilibrium

  • Bayesian games: Auctions

  • Perfect Bayesian equilibrium

  • Basic signaling games

  • Adverse Selection and job market signaling

  • Competitive screening

  • Principal-agent problem: hidden actions and hidden information

  • Introduction to mechanism design

  • Introduction to cooperative games: Core and Shapley value

• Economics of Institutions

  • Governance, Prosperity and Institutions

  • Relational contract in presence of law

  • Self-enforcing relational contracts

  • Profit motivated contract enforcement by private parties

  • Property rights: for profit private protection and implications of a predatory state 

  • Alternative institutions in financial markets: 

    • Saving - The Economics of Rotating Savings and Credit Associations by Besley, Coate and Loury (AER 1993) (slides)

    • Credit - Economics of lending with joint liability: Theory and Practice by Ghatak and Guinane (JDE 1999) (slides)