[Forside] [Hovedområder] [Perioder] [Udannelser] [Alle kurser på en side]
The students should be able to:
- Formulate economic problems as proper formal game forms, solve and analyze them
- Reflect upon the information structure of a problem
The course gives an introduction to game theory. Game theory studies multi-person decision problems with strategic interactions. The study of game theory provides tools that can be used in a wide range of situations: firms competing in a market, bidders participating in auctions, bargaining, or long-term relationships.
Course subject areas
• Static games under complete information and applications
• Dynamic games under complete information and applications
• Static games under incomplete information and applications
• Dynamic games under incomplete information and applications
REQUIRED COURSES:
The compulsory courses in the first 3 semesters of the BSc Economics and Management program, especially microeconomics, mathematics and statistics, and the compulsory 4 sem. course in Growth and International Trade.
The course assumes some foundation in microeconomics (especially, the student should be familiar with the concepts of utility and profit maximization, and the theory of decisions under uncertainty). Furthermore it assumes some knowledge of probability theory (e.g. probability distribution functions, expectations, Bayes rule) and mathematics (e.g. basics about optimization, sets, numbers, sequences).
Julia Nafziger
4 lectures and 2 exercise classes per week for 7 weeks.
English
Gibbons, R. (1992). A Primer in Game Theory, Harvester Wheatsheaf, Hemel Hempstead: UK. (circa 250 pages)
Written examination of 4 hours duration jointly with International economics and Growth (International økonomi og vækst).
EXAMINATION AIDS ALLOWED: Danish-English, English-Danish dictionaries
