Courses Bachelor Display 2024-2025 DRAFT
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Course title | Game Theory and Economics | ||||||||||||||||||||||||||||||||||||||||||||||
Course code | EBC2110 | ||||||||||||||||||||||||||||||||||||||||||||||
ECTS credits | 6,5 | ||||||||||||||||||||||||||||||||||||||||||||||
Assessment | Whole/Half Grades | ||||||||||||||||||||||||||||||||||||||||||||||
Period |
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Level | Advanced | ||||||||||||||||||||||||||||||||||||||||||||||
Coordinator |
Marc Schröder For more information: m.schroder@maastrichtuniversity.nl |
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Language of instruction | English | ||||||||||||||||||||||||||||||||||||||||||||||
Goals |
Knowledge of the main concepts in cooperative and non-cooperative game theory; skills in applying these concepts in economic models.
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Description |
This course discusses the main concepts from non-cooperative and cooperative game theory:
* Non-cooperative game theory: Nash equilibrium, subgame perfect equilibrium, and Bayesian equilibrium. * Cooperative game theory: core, Shapley value, nucleolus. Applications range from auctions to job market signalling, and cost allocation. |
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Literature |
Game Theory: A multi-leveled approach, author: Hans Peters/Springer 2015 2nd edition.
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Prerequisites |
1. The course is open for all students, although Economics students should be aware of the challenging technical level of this course. The course Thinking strategically could be a proper alternative.
2. This course is compulsory for 2nd-year students Econometrics and Operations Research. 3. Exchange students need to follow a Bachelor in economics, not in business and must have a decent level in mathematics, especially calculus. Some prior knowledge about microeconomics would be helpful. An advanced level of English. |
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Teaching methods (indicative; course manual is definitive) | PBL / Presentation / Lecture / Groupwork | ||||||||||||||||||||||||||||||||||||||||||||||
Assessment methods (indicative; course manual is definitive) | Written Exam / Assignment | ||||||||||||||||||||||||||||||||||||||||||||||
Evaluation in previous academic year | For the complete evaluation of this course please click "here" | ||||||||||||||||||||||||||||||||||||||||||||||
This course belongs to the following programmes / specialisations |
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