Game Theory (ECON90022)

Graduate courseworkPoints: 12.5On Campus (Parkville)

You’re viewing the 2018 Handbook:
Or view archived Handbooks
You’re currently viewing the 2018 version of this subject

Overview

Availability
Semester 2
FeesLook up fees

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

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Strategic thinking
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Negotiation and bargaining
  • Written communication
  • Oral communication

Last updated: 3 November 2022

Eligibility and requirements

Prerequisites

Code Name Teaching period Credit Points
ECON90002 Microeconomics
Semester 1 (On Campus - Parkville)
 12.5

or

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

Corequisites

None

Non-allowed subjects

ECON40010 Game Theory

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

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)

  • Note: Successful completion of this subject requires a pass (50%) in the final exam.

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 period23 July 2018 to 21 October 2018
    Last self-enrol date 3 August 2018
    Census date31 August 2018
    Last date to withdraw without fail21 September 2018
    Assessment period ends16 November 2018

    Semester 2 contact information

    Email: ivan.balbuzanov@unimelb.edu.au

Time commitment details

Estimated total time commitment of 170 hours per semester

Last updated: 3 November 2022

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    CourseMaster of Commerce (Decision, Risk and Financial Sciences)
    CourseMaster of Economics
    CourseMaster of Commerce (Finance)
    CourseMaster of Commerce (Accounting)
  • Available through the Community Access Program

    About the Community Access Program (CAP)

    This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • 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