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The first part of the course deals with individual decision making and basic game theory. Fundamental topics covered include utility maximisation, expenditure minimisation, duality, welfare changes, and decision making under uncertainty. Producer theory and market equilibrium may also be discussed, along with an introduction to basic game theory which is an essential tool to analyse strategic behaviour.

The second part of the course builds on the first by exploring economic environments with asymmetric information (asymmetric information, signalling and screening), as well as other topics in contract theory such as principal-agent problems and incomplete contracts.

Study Level


Offering Terms

Term 1



Indicative contact hours


Conditions for Enrolment

Pre-requisite: ECON6004 OR (co-requisite: ECON6004 and in program 8412)

Course Outline

To access course outline, please visit:


Pre-2019 Handbook Editions

Access past handbook editions (2018 and prior)

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