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| code: | A7166 | studiebelasting: | 3 sp | periode: | sem. 1 | ||
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| naam: | Game theory and its applications | ||||||
| internet: | homepage, rooster | ||||||
| opleiding/fase: | econ/d23 | ||||||
| voertaal: | English | ||||||
| docent(en): | dr. B. Visser | ||||||
| contactpersoon: | mw. L.T.M. Terheijden-van Eijk | ||||||
| secretariaat: | AE/Micro | ||||||
| aanmelding: | bij secretariaat AE/Micro | ||||||
| toelatingseisen: | - | ||||||
| aanbevolen: |
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| onderwijsvorm: | 2 uur hoorcollege per week | ||||||
| tentamenvorm: | exam and problem sets | ||||||
| tentamenperiode: | december/januari, augustus (herkansing) | ||||||
| tentameneisen: | - | ||||||
| tentamenstof: | collegestof + verplichte literatuur | ||||||
The aim is to provide you with training in the use of game theoretic notions, both at a theoretical level and applied to economic models. This course therefore builds upon the game theoretic analysis started in Microeconomics A, by being more rigourous and by introducing new concepts and topics.
Upon completion of this course, you will be able to use the main game theoretic concepts in a variety of economic models and to determine what game theory predicts as reasonable behaviour in such situations. This includes a sound understanding of static and dynamic models, both under conditions of complete and incomplete information. This will prove invaluable as preparation for any advanced undergraduate and graduate course in economics.
Game theory is widely applied in the social sciences in general and in economics in particular. It is a rational choice approach to the study of human interaction in case of co-operation and conflict of interest. This course discusses its main concepts (Nash equilibrium and its refinements in static and dynamic games, with complete or incomplete information). It also shows game theory in action in a host of economic situations, ranging from voting models, through models of industrial organizations, to international trade policy.
Students are expected to hand in excercise sets every second week.
For students interested in still more applications of game theory in economics I can recommend the courses A7144 - Games, strategy & markets by Jose Luis Moraga, and A7162 - Applied game theory: Bargaining and auctions and A7145 - Economics of organizations, both by myself.
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