Course Description
This course is designed to study static games as well as dynamic games, and in each case imperfect information is allowed. As such, the core solution concepts of Nash equilibrium and its variants will be covered. Selected economic applications of game theory, especially to the broadly defined economics of information, will also be discussed.
Intended Learning Outcomes
CILO-1: Analyze various types of games, and identify the Nash equilibrium and other key concepts in game theory.
CILO-2: Apply game theory concepts to real-world situations, such as predicting market behaviour, analyzing political negotiations, and understanding social dynamics.
CILO-3: Evaluate the strengths and limitations of game theory as a tool for understanding human behaviour and decision-making.
CILO-4: Critically evaluate and communicate the implications of game theory research to a broader audience, such as policymakers or the general public.