| Detailed information |
| Original study plan |
Master's programme Economic and Business Analytics 2025W |
| Learning Outcomes |
Competences |
| Students are able to manually apply game-theoretic solution problems to strategic situations and understand the economic intuition behind equilibria.
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| Skills |
Knowledge |
- Apply game-theoretic solution concepts to strategic situations
- Formulate strategic situations in normal-form or extensive-form games
- Understand and explain the economic intuition behind equilibrium concepts for static and dynamic games of (in)complete information
- Recall the basic ideas and assumtions of game-theoretic solution concepts
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Apply the basic concepts of modelling simple strategic situations in games and apply adequate solution concepts to strategic problems in static and dynamic settings
Course Topics
- Representation of games
- Dominance and rationalizability
- Nash equilibrium
- Subgame perfekt Nash equilibrium
- Repeated games
- Bayesian games
- Signalling games
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| Criteria for evaluation |
In total, students have the possibility to reach 120 points on all homework exercises and 50 points on tests in sum. A minimum of 50 percent for both homework exercises (60 points) and tests (25 points) are necessary to obtain a positive grade. Bonus points for more points on the homework exercises will transferred into bonus points and added to test points.
- Test: two individual tests. Each test consists of practical questions (similar to those on homework exercises)
- Homework exercises: there are 6 homeworks, whose solutions need to be presented an discussed in class
Synchronization of learning outcomes and assessments:
All learning outcomes are achieved with tests and homework exercises
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| Methods |
- Individual homework exercises
- Presentation and joint discussion of solutions to the homework exercises
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| Language |
English |
| Study material |
- Homework exercises
- Slides
- Reading material:
- Robert Gibbons, A Primer in Game Theory, Harvester Wheatsheaf, 1992
- Martin Osborne, An Introduction to Game Theory, Oxford University Press, 2004
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| Changing subject? |
No |
| Further information |
Courses KS Game Theory and IK Game Theory are a closely integrated unit. The learning outcomes will be reached with both courses together.
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| Earlier variants |
They also cover the requirements of the curriculum (from - to)
977PADTGATU21: IK Game Theory (2021W-2022S)
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