Course overview
This course deepens the critical thinking and logical reasoning used to explain and predict how economic agents behave in specific strategic situations, and therefore help policy success.
Game theory, a mathematical framework, studies decision-making among interdependent subjects. It offers valuable insights into human interactions, guiding strategic decision-making and problem-solving across various domains.
The course delves into standard equilibrium concepts like Nash Equilibrium and Subgame-Perfect Nash Equilibrium, employing real-world examples, case studies, and classroom experiments for illustration.
Course learning outcomes
- Identify strategic situations and represent them as games
- Solve strategic situations using a variety of appropriate techniques
- Analyse economic situations using game theoretic techniques
- Recommend and prescribe which strategies to implement
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