¹û¶³´«Ã½

Introduction

Principal Aims

The main objective of the module is to provide an advanced introduction to the basic ideas and models in Game Theory and study applications of these to a variety of different economic contexts.

Principal Learning Outcomes

Subject Knowledge and Understanding:...demonstrate an understanding of concepts including Nash equilibrium, rationalizability, and apply them to a number of problems in industrial organisation and political economy. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Subject Knowledge and Understanding:...demonstrate solid knowledge in basic pure and applied Game Theory. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Subject Knowledge and Understanding:...understand the concept of mixed strategy and correlated equilibrium. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Subject Knowledge and Understanding:...apply the solution concept of Bayesian Nash equilibrium to a number of problems in industrial organisation and political economy. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Subject Knowledge and Understanding:...demonstrate knowledge of the role of bargaining, from both an axiomatic and strategic perspective. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Subject Knowledge and Understanding:...understand the concept of form and repeated games and the role of dynamic aspects in analysis. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Syllabus

Context

Optional Module

L1P6 - Year 1, L1P7 - Year 1, L1I1 - Year 1, G30B - Year 4, LN1J - Year 1

Pre or Co-requisites

The module demands knowledge of mathematics and statistics of the kind taught in advanced mathematics for economists (respectively, statistics for economists) type models in most undergraduate degrees in economics.

Assessment

Assessment Method

Coursework (20%) + Centrally-timetabled examination (On-campus) (80%)

Coursework Details

Centrally-timetabled examination (On-campus) (80%) , Test 1 (10%) , Test 2 (10%)

Exam Timing

May

Reading Lists