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Game Theory (ECON90022)

Graduate courseworkPoints: 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

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: 10 January 2025