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| Detailed information |
| Original study plan |
Master's programme Economics 2017W |
| Objectives |
(*)We will learn how to analyse strategic behaviour using game theory,
focusing on examples from economics and business. For example, we will examine competition in oligopolistic markets and will analyse likely (and unlikely) outcomes of such competition. In this course we will focus on decision making in economic and business settings, but the ideas of game theory can be applied to almost every situation and are widely used by e.g. psychologists, in political sciences, but also in the natural sciences such as biology. A game in this context is a strategic interaction of players, e.g. competitors deciding about prices.
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| Subject |
(*)Games with perfect information: Nash equilibrium, best response
functions, dominated actions; mixed strategy equilibrium. Extensive games with perfect information: Nash equilibrium, subgame‑perfect equilibrium, backward induction
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| Criteria for evaluation |
(*)Übungsbeispiele, Endklausur
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| Methods |
(*)Vortrag, Übungsbeispiele
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| Language |
English |
| Changing subject? |
No |
| Corresponding lecture |
(*)2SECSTK: KS Game Theory (4 ECTS)
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
2SECSTK: KS Game Theory (2009W-2017S)
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