Courses Exchange Display 2016-2017

Course Description To PDF
Course title Thinking Strategically
Course code EBC2082
ECTS credits 6,5
Assessement Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 5-9-2016 28-10-2016 X X
Level Intermediate/Advanced
Coordinator Hans Peters
For more information: h.peters@maastrichtuniversity.nl
Language of instruction English
Goals
After this course students know the basic concepts of game theory and their applications to economics.
Description
The course treats the main concepts of game theory at an intermediate level, and includes applications to economics. The following topics are discussed : zero sum games, value and optimal strategies. nonzero sum games, Nash equilibrium, subgame perfect Nash equilibrium. Games with incomplete information, perfect Bayesian Nash equilibrium. Applications to standard economic models, bargaining and auctions. Evolutionary games, repeated games. Cooperative games: core, Shapley value, nucleolus.
Literature
H. Peters: Game Theory - A Multileveled Approach, Springer, 2015 (2nd edition).
Prerequisites
Basic knowledge of standard calculus, as taught in the first year of an average program in economics or business. For students from Maastricht: level of QM1 and QM2.
Teaching methods PBL / Lecture / Assignment
Assessment methods Attendance / Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Bachelor Economics and Business Economics Specialisation Economics and Management of Information QE Electives
Bachelor International Business QE electives
Bachelor Economics and Business Economics Specialisation Economics QE Electives
Bachelor Economics and Business Economics Specialisation Emerging Markets QE Electives
Bachelor Economics and Business Economics Specialisation International Business Economics QE Electives
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