Bachelor
2022/2023
Game Theory
Type:
Compulsory course (International Programme in Economics and Finance)
Area of studies:
Economics
Delivered by:
International College of Economics and Finance
When:
3 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Language:
English
ECTS credits:
4
Contact hours:
56
Course Syllabus
Abstract
This course provides an overview of the basic concepts in game theory: Nash equilibrium, subgame perfect equilibrium, perfect Bayesian equilibrium and others. The main mathematical apparatus is highly abstract, but this abstractness allows it to be used to study a wide range of phenomena. Game theory provides necessary tools to study all economic models presented in other courses, as any model is a game. To illustrate the applicability of the studied concepts, we are going to play several games during classes using online software.
Learning Objectives
- introduce basic concepts of game theory;
- demonstrate these concepts using various games;
- connect studied theoretical concepts to real life;
Expected Learning Outcomes
- building theoretical models;
- critically evaluating theoretical research in economics;
- identifying real life situations where the studied concepts are applicable
- solving models with a given setup related to studied concepts;
- understanding books and papers that contain economic theories based on studied concepts;
Course Contents
- Simultaneous games with complete information
- Simultaneous games with incomplete information.
- Dynamic games with complete information.
- Dynamic games with incomplete information
Bibliography
Recommended Core Bibliography
- Martin J Osborne, & Ariel Rubinstein. (2009). A Course in Game Theory. Levine’s Bibliography. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.cla.levrem.814577000000000225
Recommended Additional Bibliography
- Gura, E.-Y., & Maschler, M. (2008). Insights Into Game Theory : An Alternative Mathematical Experience. Cambridge, UK: Cambridge University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=259184