The course provides an introduction to the foundations of microeconomics: markets and game theory. Gametheory is a set of theoretical tools for analyzing strategic behavior. We will develop and apply these tools toindustrial organization, markets, and firm behavior. We’ll discuss concrete and real-world examples of theirapplications, including market regulation and competition law.

Understanding a society’s economic, social, and market outcomes requires one to understand its politics. Yet, a common view is that politics is unpredictable and unintelligible–in this course, we push against this view. We will use game-theoretic tools from economics to analyze politics in a structured and principled way and to develop new insights into policy making and regulatory decisions.

The goal of the lecture is to learn how to think strategically and cooperatively and to apply the concepts of game theory to economic, social, political, and business situations. The course covers:Noncooperative and Cooperative Game Theory, concepts and applications.