Shakiba: This course is the introduction of game theory and strategic decision making. We will cover basic concepts and topics in modern game theory, such as Nash equilibrium, dominance, voting, bargaining, auction, adverse selection, etc, which have broad applications in economics, politics, psychology, and everyday life. 3 undergraduate hours
Yang: Game Theory studies the interactions between people, corporations, institutions, or countries in which each player recognizes their strategic interdependence with the other players in the game. Many economic decisions in the real world have such strategic interdependence. This course uses game theory as the fundamental concept to examine the economic incentives in real-world applications, e.g., climate change, political elections, management-labor relations, auctions etc. The first part of the course introduces fundamental tools and concepts in game theory as well as some of the most basic games. More advanced topics are covered in the second part of the course, which enables students to analyze more realistic games. Finally, in the third part, students are introduced to the fundamental ideas of mechanism design by studying auctions and bargaining. Through the study of this course, students are expected to be able to analyze and solve basic games. In addition, this course is designed to provide students with tools for modelling real world economic situations, as well as analyzing the strategic consideration and economic incentives involved in those situations.
Available: Spring 2018
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Prerequisites (Must be complete BEFORE taking this course): MATH 220 or MATH 221 (Calculus 1) & ECON 302 (Intermediate Microeconomic Theory) or ECON 303 (Intermediate Macroeconomic Theory)
Instructor(s) Teaching Course (varies by semester): Mahdi Shakiba B. Yang
Syllabus (varies by semester and instructor): Shakiba