Course Description Strategic Play - draft  Projects

Course 73-440 Auctions and Markets Instructor: Robert A. Miller Email: ramiller@andrew.cmu.edu Teaching Assistant: Ari Kang Email: akang@andrew.cmu.edu

Lecture Notes and Games

Auctions Week 1 January 14 through 20 Lectures Introduction Strategic Equivalence Read: Chapter 19 Week 2 January 21 through 27 Lectures Revenue Equivalence Optimal Bidding Read: Chapter 19 Week 3 Jan 28 through February 3 Lectures Expected Utility Attitudes towards Risk Read: Chapter 4 Week 4 February 4 through 10 Session First project Read: Chapters 1 and 2 Week 5 February 11 through 17 Lectures Risk Aversion Asymmetry Read: Chapter 20 Week 6 February 18 through 24 Lectures Affiliated Valuations Collusion Read: Chapter 20 Week 7 February 25 through March 2 Exam Practice Questions Midterm Examination

Part 2: Markets Week 8 March 3 through 9 Lectures Limit Order Markets Multiunit Auctions Read: Chapter 22 Week 9 March 17 through 23 Lecture Monopoly Session Second project Read: Chapter 23 Week 10 March 24 through 30 Session Second project Lecture Oligopoly Read: Chapter 23 Week 11 March 31 through April 6 Lecture Competitive Equilibrium Differential Product Markets Read: Chapter 23 Week 12 April 7 through 13 Lectures Arbitrage Pricing Portfolio Choices Read: Chapter 24 Week 13 April 14 through 20 Lecture Aggregating Information Venture Capital Read: Chapter 24 Week 14 April 21 through 27 Session Third project Week 15 April 28 through May 4 Exam Practice Questions Final Examination