Andy McLennan's Class Page
ECOS3012 - Strategic Behavior
- Noncooperative game theory extends the fundamental method of
economic analysis--the investigation of the consequences of individual
maximization of welfare--to realms where agents interact directly,
rather than through markets. Although fundamental concepts were
developed in the 1940's and 1950's, interest in game theory among
economics has been especially intense during the last twenty five
years, with numerous theoretical advances and applications to many
different applied fields.
This course develops the most fundamental models of game theory
(finite normal form and extensive form games) and investigates the
application of the concept of Nash equilibrium to these models. We
will also study the application of these ideas to elections,
industrial competition, auctions and biological evolution.
ECON6021 - Financial Economics
Economics 4113 - Introduction to Mathematical Economics
- Economics is a quantitative discipline, and in recent decades the
discourse of the profession has become substantially more precise, in
the sense of utilizing formal mathematical models. This has many
benefits: assumptions and lines of reasoning become completely
explicit; exactly understood results can be used with confidence as a
basis for more sophisticated reasoning; novel insights can be derived
from the application of sophisticated mathematical methods.
The purpose of this course is to acquaint the students with the
central mathematical methods utilized in the mathematical approach to
economic analysis, and to show how these methods are applied in the
the central theories of economics. Specifically, the focus will be on
optimization in the presence of constraints, emphasizing the approach
derived from multivariate calculus.
- Lectures notes from the (quarter long) version of the class taught
five years ago.
Economics 6003 - Mathematical Methods of Economic Analysis
- This is the University of Sydney version of the Economics 4113 course
described above. As a matter of adjusting to the Sydney scene, I am
starting out by using the materials prepared by John Carson
for the 2004 version of the course and used last year by
Vladimir Smirnov. But students may also benefit from
studying the material related to Economics 4113.
Economics 8103 - Microeconomics
- This is the final segment of the first year introductory
microeconomics sequence. The material consists of an introduction to
game theory, followed by some social choice theory, welfare economics,
and the economics of information. Since the switch to semesters it
has gone from being the last quarter (hence 1/3 of the sequence) to
being the final half semester (1/4 of the sequence) so I am posting
the lecture notes from the final time it was given as a quarter
course, since these are more complete.
Economics 8117-8 - Noncooperative Game Theory
- The noncooperative theory of games provides a very general
description of environments in which rational agents interact.
the theory of perfect competition, in which no agent has a tangible
effect on the reward of another agent, or the theory of monopoly, in
which only one agent has market power, noncooperative game
theory allows one to describe interactions in which several agents'
choices jointly determine the agents' rewards. This course
examines noncooperative games in normal and extensive form, and
the equilibrium concepts that have been proposed for such games,
well as some applications.
Last updated on Jan 13, 2004.