Course Description
The theory of games, with examples from economics and social sciences. A focus on non-cooperative games and the classical, rationalistic approach to strategic behavior. Formal models of strategic reasoning are presented, along with classroom experiments and examples.
Additional Requirements for Graduate Students:
Students are expected to achieve standards of scholarship
consistent with study at the masters level. Such students will be
expected to read more extensively and integrate materials more
thoroughly, and will be graded with higher standards and
expectations. Examples include additional readings summarized
in a written report, a careful review of primary research with an
application to a relevant topic, or other projects that apply
knowledge gained to specific problems.
Athena Title
GAME THEORY
Prerequisite
ECON 4010
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
To familiarize students with game theory, the main alternative to competitive market reasoning. To enlighten students on theories of strategic reasoning and behavior to promote better understanding of economic theory and to inform decision-making in the real world.
Topical Outline
Extensive form games Backward induction Common knowledge Normal form games The notion of strategy Dominated strategies Nash equilibria Mixed strategies Zero-sum games Mini-max strategies Repeated games Cooperative and non-cooperative bargaining Static games of incomplete information Auction theory Dynamic games Perfect Bayesian equilibria Signaling games Evolutionary game theory
Syllabus