Game Theory

Overview

This module aims to give students a working knowledge of terminology, methodology and applications of basic contemporary game theory. Students should leave the course with a clear understanding of the game theoretical concepts and their application to the study of a variety of economic problems in finance, economics and business.

Learning Objectives

Having completed this module, students should be able to formulate a multi-agent interaction problem as a game and solve this game using various solution concepts. They should be also familiar with the strengths and limitations of the basic equilibrium concepts

Skills

Intellectual Skills:
Enable students to apply game theory and strategic reasoning to practical problems in economics.
Other Skills:
Enhance communication skills through tutorial discussions and presentations.

Assessment

Students must achieve an overall mark of 40% in the module to pass