Course Details in 2021/22 Session
|Module Title ||Game Theory|
|School||Birmingham Business School|
|Department || Birmingham Business School|
|Module Code || 07 28289 |
|Module Lead ||Zhihua Li and Anett John|
|Level || Masters Level |
|Credits || 20 |
|Semester|| Semester 2|
|Restrictions || MSc Economics |
|Exclusions || |
|Description || The main emphasis of the module will be on the discussion and description of solution concepts appropriate for various types of economic problems. This module aims to provide the theoretical background necessary to understand game theoretic models and how these models are applied as a tool to solve problems in economics. These are becoming increasingly common in many areas, such as Industrial Organization, Political Economy, International Trade and Environmental Economics. |
|Learning Outcomes || By the end of the module students should be able to:|
- Use game theoretic models to formulate advanced practical problems.
- solve complex problems using solution concepts taught in the module.
- Critically analyse the theoretical solutions to game theoretic models.
- Understand in depth the application of game theory techniques.
- Appraise the complexities of key policy issues that arise using game theory.
- Critically evaluate the importance of information in games and how this can change behaviour.
- Critically analyse different games and use a variety of advanced tools to find the equilibria.
28289-01 : 1,250 word individual assignment : Coursework (25%)
28289-02 : Problem Set : Coursework (25%)
28289-04 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
|Assessment Methods & Exceptions || 3 hour written examination (80%),|
2 x problem sets (10% - 5% each);
1 hour in-class test (10%)
|Other || None|
Main text: An Introduction to Game Theory by Martin J. Osborne, Oxford University Press, 2009.
Supplementary: Microeconomic Theory by Andreu Mas-Colell; Jerry R. Green; Michael D. Whinston, Oxford University Press, 1995.