This module presents game theory as the study of decision-making in competitive situations. It provides an introduction to the theory of finite and infinite games with a particular emphasis on 2-person games. All results will be presented in a rigorous way and accompanied, wherever possible, by showing economic applications. This module also demonstrates that the results and concepts of other branches of mathematics (like the fixed point theorem, convexity, duality) have practical interpretation and use.
Learning Outcomes
By the end of the module the student should be able to:
1. understand and use the main concepts of game theory like optimal strategies, stable sets and the core of the game;
2. formulate games from economic narratives;
3. use a range of methods for solving these games;
4. explore the topic beyond the taught syllabus.
Assessment
23692-01 : Raw Module Mark : Coursework (100%)
Assessment Methods & Exceptions
90% based on a 1.5 hour written examination in the Summer Term; 10% based on work during term-time.
