Game Theory (ECON40010)

HonoursPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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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: 3 November 2022

Eligibility and requirements

Prerequisites

Admission into BH-COM or BH-ARTS (Economics) and

Code Name Teaching period Credit Points
ECON40001 Advanced Microeconomics
Semester 1 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Students may not gain credit for both

Code Name Teaching period Credit Points
ECON40010 Game Theory
Semester 2 (On Campus - Parkville)
 12.5
and
Code Name Teaching period Credit Points
ECON90022 Game Theory
Semester 2 (On Campus - Parkville)
 12.5
.

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 3 November 2022

Assessment

Additional details

  • A 1.5-hour mid-semester examination and
  • A 2-hour end-of-semester examination (totalling 80% and split between the mid-semester and the final exam as the maximum of either 15% for the mid-semester plus 65% for the final exam or 35% for the mid-semester plus 45% for the final exam, depending on each student’s relative performance in the two examinations)
  • Four 400-word homework assignments consisting of four or five problems each (due in weeks 3, 6, 9 and 12) 20% total (5% each)

Last updated: 3 November 2022

Dates & times

  • Semester 2
    Principal coordinatorIvan Balbuzanov
    Mode of deliveryOn Campus (Parkville)
    Contact hoursThree hours of lectures/seminars per week
    Total time commitment170 hours
    Teaching period24 July 2017 to 22 October 2017
    Last self-enrol date 4 August 2017
    Census date31 August 2017
    Last date to withdraw without fail22 September 2017
    Assessment period ends17 November 2017

    Semester 2 contact information

    ivan.balbuzanov@unimelb.edu.au

Time commitment details

170 Hours

Last updated: 3 November 2022

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 3 November 2022