After this course students know the basic concepts of game theory and their applications to economics.

The course is oriented towards students in economics and business administration, who are interested in the interface between game theory and economic theory at an introductory level. Game theory allows economists to talk rigorously about situations in which economic agents are involved in a situation of conflict and where their behaviour is rational given their expectations about the behaviour of the other agents. Game theory has become a major tool for the construction of new economic models and, at the same time, has expanded into other disciplines (like political science). The course emphasizes examples of all sorts of issues related to game theory and economics.

H. Peters: Game Theory - A Multileveled Approach, Springer, 2008, ISBN: 978-3-540-69290-4

Basic standard knowledge of calculus, as taught in the first year of an average program in economics or business. For students from Maastricht: level of QM1 and QM2.