Course slides
Microeconomics III — L3
Microeconomic foundations, strategic decisions and Nash equilibrium, followed by risk, insurance, portfolio choice and private information, with exercises, Python/R programs and interactive simulators.
Topics documented in the material
- Competitive model and strategic decisions
- Decision-making under risk
- Private information
- Consumer, producer, and market foundations
- Normal-form games
- Dominant and dominated strategies
- Pure and mixed Nash equilibrium
- Maximin and repeated games
- Game trees and backward induction
Resources
Part I — Foundations
Part II — Strategic decisions and games
- Séances II à IV — Théorie des jeux : décisions stratégiques et équilibre de NashPDF · 109 pages
- Exercise series 1 — Game theory and competitive strategiesPDF · 6 pages
Readings & practical resources
Simulators
- Simulateur — Jeux répétésInteractive HTML · Open resource
- Simulateur — Pile ou faceInteractive HTML · Open resource
Part III — Risk and information
- Part III — Course support (sessions V–VIII)PDF
- Exercise series 5PDF
- Exercise series 6PDF
- Exercise series 7PDF
- Exercise series 8PDF
Readings & practical resources
Supplements & readings
- Supplement — Pindyck & RubinfeldPDF · Open resource
- Supplement — VarianPDF · Open resource
Code
- Annex-generation utilityPython · Open resource
- Course figures and calculationsPython · partie3.pyR · partie3.R
Simulators
- Information cascade simulatorInteractive HTML · Open resource
- Portfolio choice simulatorInteractive HTML · Open resource
- Diversification and correlation simulatorInteractive HTML · Open resource
- Risk pooling simulatorInteractive HTML · Open resource
Practical instructions
- Practical READMEHTML · Open resource
Complete downloads
- Complete folder — supports, code, data and supporting checksZIP · Open resource
Self-assessment — Game theory and risk
Readings & practical resources
Complete downloads
- Practice quiz — Complete downloadZIP · Open resource