23937 Game Theory
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Credit points: 6 cp
Subject level:
Postgraduate
Result type: Grade and marksThere are course requisites for this subject. See access conditions.
Description
This subject is an introduction to non-cooperative game theory. It covers the standard solution concepts used in applied economic theory for the analysis of static and dynamic games of complete and incomplete information.
Subject learning objectives (SLOs)
| 1. | Understand and use the standard solution concepts non-cooperative game theory |
|---|---|
| 2. | Modify existing models or develop new game theoretic models, and apply game theory to characterize equilibrium behaviour |
| 3. | Use the technical skills developed throughout the course to knowledgeably read contemporary microeconomic research |
Contribution to the development of graduate attributes
This subject is an introduction to non-cooperative game theory. It covers the standard solution concepts used in applied economic theory for the analysis of static and dynamic games of complete and incomplete information.
Teaching and learning strategies
The subject will be taught using a combination of lectures and tutorials. There is no course textbook.
Content (topics)
- Games in Strategic Form and Nash Equilibrium
- Extensive Form Games
- Bayesian Games and Bayesian Equilibrium
- Bayesian Games and Mechanism Design
- Equilibrium Refinements
Assessment
Assessment task 1: Assigned homework and in-class quizzes (Individual)*
| Objective(s): | This addresses subject learning objective(s): 1 and 2 |
|---|---|
| Weight: | 25% |
| Criteria: | *Note: Late submission of the assessment task will not be marked and awarded a mark of zero. |
Assessment task 2: Midterm Exam (Individual)
| Objective(s): | This addresses subject learning objective(s): 1 and 3 |
|---|---|
| Weight: | 25% |
Assessment task 3: Final examination (Individual)
| Objective(s): | This addresses subject learning objective(s): 1, 2 and 3 |
|---|---|
| Weight: | 50% |
Minimum requirements
Students must achieve at least 50% of the subject’s total marks.
Recommended texts
There is no required textbook.
References
- Game Theory, by D. Fudenberg and J. Tirole (MIT Press, 1991).
- Game Theory for Applied Economists, by R. Gibbons (Princeton University Press, 1992).
- Microeconomic Theory, by A. Mas-Colell, M. Whinston, and J. Green (Oxford University Press, 1995).
- Microeconomic Analysis, 3rd edition, by Hal Varian (Norton, 1992).