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| Detailed information |
| Original study plan |
Master's programme Economics 2015S |
| Objectives |
Students will learn how to analyse strategic behaviour using game theory as well as focus on examples in fields of economics and business. For example, the course will examine competition in oligopolistic markets and analyse likely (and unlikely) outcomes of this type of competition.
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| Subject |
- The concepts of games: players, actions, strategies, payoffs, preferences.
- The concepts of equilibria: Nash, mixed-strategy, subgame-perfect.
- Areas of application: Non-cooperative settings, market structure (Cournot, Bertrand, Stackelberg)
- Other theoretical game concepts: dominance, weak dominance, backward induction, best responses
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| Criteria for evaluation |
Grading is based on:
- the number of exercises solved
- the quality of student solutions
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| Methods |
Take-home exercises
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| Language |
English |
| Study material |
Martin J. Osborne, 2004, An Introduction to Game Theory, Oxford University Press.
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| Changing subject? |
No |
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