Courses Bachelor Display 2017-2018

Course Description To PDF
Course title Game Theory and Economics
Course code EBC2110
ECTS credits 6,5
Assessement None
Period
Period Start End Mon Tue Wed Thu Fri
2 30-10-2017 22-12-2017 X/E X/E X/E
Level Advanced
Coordinator Dries Vermeulen
For more information: d.vermeulen@maastrichtuniversity.nl
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.
Description
This course discusses the main concepts from cooperative and non- cooperative game theory:
- Cooperative game theory: core, Shapley value, nucleolus.
- Non-cooperative game theory: Nash equilibrium, subgame perfect equilibrium, Bayesian and perfect Bayesian equilibrium.
The emphasis will be on concepts and applications. Applications range from oligopoly theory to job market signalling, investment policies, organisational strategies, and cost allocation.
Literature
Game Theory: A multi-leveled approach, author: Hans Peters/Springer 2015 2nd edition.
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.
Teaching methods PBL / Lecture / Assignment
Assessment methods 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 Econometrics and Operations Research Year 2 Compulsory Courses
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
SBE Exchange Bachelor Bachelor Exchange Courses
SBE Exchange Master Bachelor Exchange Courses
SBE Non Degree Courses Bachelor Courses