Economics of Coordination credit: 3 or

4 Hours

Builds on theories and applications of intermediate microeconomics. Topics covered include: the importance of models, the basic principles and concepts of economics, game theory and evolutionary game theory, the role of markets and government and the role of other institutions in general, the role of information, competition, the problems of collective action, and coordination problems. 3 undergraduate hours. 4 graduate hours. Prerequisite: ECON 302 ; MATH 220 / MATH 221 or Calculus I equivalent.