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.
- Representations And Basic Assumptions
- Analysing Behaviour In Static Settings
- Analysing Behaviour In Dynamic Settings
- Information
Course learning outcomes
- Identify strategic situations and represent them as games
- Solve strategic situations using various and appropriate techniques
- Analyse economic situations using game theoretic techniques
- Recommend and prescribe which strategies to implement
- Model any strategic interaction as a game, critically analyse the potential outcomes and present the results