Microeconomics

1. Advanced Topics in Microeconomics
   1. Game Theory
      1. Basics of Game Theory
         1. Components of a Game
            1. Players
            2. Strategies
            3. Payoffs
            4. Outcomes
         2. Strategic Form and Extensive Form Games
         3. Zero-sum vs Non-zero-sum Games
      2. Nash Equilibrium
         1. Definition and Explanation
         2. Finding Nash Equilibria
            1. Best Response Functions
            2. Mixed Strategies
         3. Applications in Economics
            1. Competitive Markets
            2. Oligopoly
      3. Dominant Strategies
         1. Definition of Dominant and Dominated Strategies
         2. Identification in Different Game Scenarios
         3. Dominance Solvable Games
      4. Repeated Games
         1. Infinite vs Finite Horizon
         2. Trigger Strategies
            1. Grim Trigger
            2. Tit-for-tat
         3. Folk Theorem and Outcomes of Repeated Interaction
      5. Cooperative Games
         1. Cooperative vs Non-Cooperative Game Theory
         2. Coalition Formation
         3. Shapley Value and Core Concepts
   2. Auctions
      1. Types of Auctions
         1. English Auction
         2. Dutch Auction
         3. First-price Sealed-bid Auction
         4. Second-price Sealed-bid (Vickrey) Auction
      2. Auction Design and Strategy
         1. Private Value vs Common Value Auctions
         2. Bidder Behavior
         3. Reserve Prices and Seller Strategies
      3. Revenue Equivalence Theorem
         1. Theoretical Background
         2. Implications for Auction Design
      4. Applications of Auctions
         1. Public Sector: Spectrum Allocation
         2. Private Sector: Online Platform Auctions
   3. Contract Theory
      1. Introduction to Contract Theory
         1. Elements of Contracts
            1. Parties Involved
            2. Agreement and Obligations
         2. Information Asymmetries in Contractual Settings
      2. Principal-Agent Problem
         1. Definition and Key Issues
         2. Hidden Actions and Hidden Information
         3. Solutions and Mechanisms
            1. Incentive Compatibility
            2. Moral Hazard Solutions
      3. Incentive Structures
         1. Design of Incentives
         2. Implementation of Different Pay Schemes
            1. Fixed Wages
            2. Performance-Based Pay
         3. Role of Monitoring
      4. Incomplete Contracts
         1. Reasons for Incompleteness
         2. Mechanisms to Deal with Incomplete Contracts
      5. Relational Contracts
         1. Sustaining Cooperation Over Time
         2. Role of Reputation and Trust in Contracts
   4. Mechanism Design
      1. Introduction and Definition
      2. Objectives and Constraints in Mechanism Design
      3. Implementation Theory
         1. Direct and Indirect Mechanism
      4. Application Areas
         1. Market Design
         2. Auction Design
   5. Network Economics
      1. Network Structure and Behavior
         1. Nodes and Links
         2. Types of Networks
      2. Network Effects
         1. Positive and Negative Externalities
         2. Tipping Points and Critical Mass
      3. Economic Implications
         1. Pricing in Network Markets
         2. Strategic Alliances and Partnerships
   6. Behavioral Game Theory
      1. Departures from Traditional Rationality
      2. Experiments and Models in Behavioral Game Theory
      3. Applications to Real-world Scenarios
   7. Dynamic Stochastic Games
      1. Concept and Framework
      2. Applications in Economics
         1. Investment Decisions
         2. Policy Formulation
   8. Experimental Economics
      1. Role of Laboratory Experiments
      2. Design and Conduct of Economic Experiments
      3. Behavioral Analysis and Insights