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Game Theory (ECON40010)

HonoursPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2017
Subject levelHonours
Subject codeECON40010
Campus
Parkville
Availability
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

The subject provides a rigorous introduction to non-cooperative game theory and the economics of asymmetric information. The solution concepts covered include dominant strategies, as well as Nash, subgame perfect, Bayesian Nash and weak sequential equilibria.

Intended learning outcomes

On successful completion of this subject students should be able to:

  • Model and solve strategic and extensive games with perfect or imperfect information;
  • Recognise and critically evaluate the applications of game-theoretic models within economics;
  • Use these analytical tools to understand situations where decision-makers interact.

Generic skills

  • High level of development: written communication; problem solving; team work; statistical reasoning; application of theory to practice; critical thinking; receptiveness to alternative ideas.

  • Moderate level of development: collaborative learning.

Last updated: 11 September 2017