ECON 392Strategic Situations and Welfare Economics
- Units
- 0.50
- Faculty
- Arts
- Subject
- Economics
When it runs
- F24
- W25
- S25
- F25
- W26
- S26
- F26
- W27
- S27
Ran in 3 of the last 7 terms. Winter 2027: scheduled, 2 lecture sections. Spring 2027: schedule not out yet.
Many economic decisions are made in circumstances where there are no competitive markets. This course introduces students to individual and group choice in such settings. It covers how to model such settings as "games" in both the extensive and strategic form, and introduces the key equilibrium concepts associated with these models. An introduction to considerations in group decision making via co-operative game theory and welfare economics is provided in the last part of the course.
Prerequisites
- Must have completed the following:
- ECON290 - Models of Choice in Competitive Markets (0.50)
Antirequisites
None listed.
Leads to
Winter 2027 sections
| Section | Class | Enrolled | Meets |
|---|---|---|---|
| LEC 001 | 3371 | 0 / 55 | TTh 13:00–14:20 |
| LEC 701 | 1285 | 17 / 9999 | Online or by arrangement |
Reviewed on UW Flow
57% liked it46% easy54% useful
From 7 ratings and 4 comments on UW Flow. The most helpful comments, quoted as written, without names. Read them all on UW Flow.
the midterm was 2 questions
May 2025 · didn’t like itOn UW FlowRemove this
I did this AMAZING course with Dr Anqi Li. She appears to possess a world-class academic mind, yet exhibits a striking comparative disadvantage in—or perhaps a revealed preference against—transmitting knowledge to the undergraduates in her class.
Jan 2025 · didn’t like itOn UW FlowRemove this
interesting
Sep 2022 · liked itOn UW FlowRemove this
Interesting content (heavy on game theory), but course goes a bit slowly. Taught very passively (i.e. 100% pdf reading) in winter 2021.
Apr 2021 · liked itOn UW FlowRemove this
Discussed on r/uwaterloo
18 posts and comments in 15 threads mention ECON 392, October 2017 to December 2024. Quoted word for word, newest first; each reply sits under the post and the comment that started its branch. Search r/uwaterloo for newer posts.
Fall 2024
Anyone know if Prof Anqi Li posts full lecture notes? 1 point, 2 comments
u/M00bak: “… I have them for this upcoming term for ECON 392, and long story short there’s a time conflict with another course during one of the lectures every other week. So does anyone know if prof Anqi Li usually posts their lectures notes on their LEARN? …”
u/ClarkeVice: “Dr. Li generally didn’t post lecture notes at all when I took ECON 392 with her. There was also a 10% in-class participation grade.”
Spring 2023
Econ Theory minor vs CS Depth Requirements 1 point, 3 comments
u/DubFactory: “… has a depth requirement with the following stipulation: There is moderate math content in ECON 391/392/393. Would they count for the depth requirement? …”
Winter 2023
Has anyone taken econ 392 or econ 441? 3 points, 3 comments
u/uw_finest: “If so, how were they ?”
Winter 2022
list of in-person Winter 2022 courses with online exams 10 points, 1 comment
“I'll start, CS 200 (prof daly has made all the term tests online)”
u/Beautiful-Carpet-536: “Econ392”
Fall 2021
Econ 212 VS Econ392 1 point, 0 comments
u/aaaacccceeeee: “Which one is easier?”
Winter 2021
So far, who is your favourite professor and what course do they teach? 4 points, 13 comments
“My favourite professor is Moffatt and the course I liked was BIOL 309.”
u/ClassIn30minutes: “Phill Curry and Jean Guillaume Fornand (ECON 392 and 391 respectively)”
ECON 392 , Stat 431 GC 2 points, 2 comments
u/vision108: “Is there any group chat for Econ 392 or Stat 431 this term? I can create one if there are enough people interested. Edit there is a stat 431 group: https://discord.gg/S9G8u4fW”
Fall 2020
Was there a class in UW that you took and you were sad that it was over? 11 points, 35 comments
u/ClassIn30minutes: “Roman Civilization and Econ 392”
Winter 2020
Is it doable to take Econ 392 while taking Econ 391 and 323? 6 points, 9 comments
u/RomulusRemes: “Term just started and I'm a bit worried because this is the first time I've had no guidance on what to take.”
Fall 2019
Get yourself a prof like Ahmet Ozkardas 🥺 94 points, 8 comments
u/Due_Rule: “what courses have you guys experienced him with? uwflow says econ102 and econ201 for winter 2020”
[deleted]: “econ 392 and he was gr8”
Spring 2019
ECON 392 or 361 ? 4 points, 3 comments
u/loudiphone: “Hey y‘all ! Did anyone take Econ 392 or ECON 361 ? Don‘t know which one to choose from.”
u/Pheegy: “ECON 361 = bird course, like ECON 101 201 level ECON 392 is about game theory. Content is much more interesting and useful but difficulty is on par with ECON 391 or 393.”
Winter 2019
has anyone here taken econ 392 and CO 456? 4 points, 0 comments
u/Level126: “if so, did it prepare you at all? I'm expecting the CO456 math/theory to be much harder of course, but will 392 give me an understanding of the high-level concepts? AFAIK they partially use the same textbook (Martin Osborne intro to game theory)”
Check it elsewhere for Fall 2026
- Undergraduate Calendar, 2026–27The official entry
- Requirements for Fall 2026Waterloo’s requisite checker
- Schedule of Classes, Fall 2026Instructors, rooms, live seats
- Quest Class SearchWhere you enrol
- Course outlinesSyllabi from past terms (UW login)
- UW FlowStudent ratings and reviews
- WClassesPast sections back to 2004, and who taught them