Programme And Module Handbook
Course Details in 2021/22 Session

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Module Title Game Theory
SchoolBirmingham 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
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.
Assessment 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
Reading List 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.