Courses Master Display 2018-2019

Course Description To PDF
Course title Game Theory and Optimisation
Course code EBC4188
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 3-9-2018 26-10-2018 X X
Level Advanced
Coordinator Dries Vermeulen, Mathias Staudigl
For more information: d.vermeulen@maastrichtuniversity.nl; m.staudigl@maastrichtuniversity.nl
Language of instruction English
Goals
This course provides a comprehensive overview of optimization techniques such as linear and integer programming, and non-linear programming, with applications in game theory and economics. Students learn optimization techniques from mathematics and operations research, and how to apply them in models from game theory and economic theory.
Description
Topics in optimization include duality theorems in LP, branch and bound and cutting plane algorithms in IP, and Kuhn-Tucker conditions for NLP.

Topics in game theory and economics include computation of Nash equilibrium and refinements and mechanism design.
Literature
The course will be based on chapters from standard textbooks plus additional readers.

Recommended literature for background reading:
* Hans Peters : Game Theory : A Multi-Leveled Approach. Springer-Verlag.
* Stephen Boyd and Lieven Vandenberghe : Convex Optimization. Cambridge University Press.
* Roger Myerson : Game Theory : Analaysis of Conflict. Harvard University Press.
* L.J. Vanderbei : Linear Programming - Foundations and Extensions. 4th Edition, Springer.
* Jorge Nocedal and Stephen J. Wright : Numerical Optimization. 2nd Edition, Springer.
Prerequisites
Only Master students can take this course. Exchange students need to have obtained a BSc degree in Economics, International Business, Econometrics, or a related topic. Familiarity with the basic concepts of optimization and linear programming will be helpful. A solid basis in mathematics and calculus is also recommendable.
Teaching methods PBL / Lecture
Assessment methods 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
Master Business Research - Operations Research Compulsory Courses
Master Economic and Financial Research - Econometrics Electives
Master Economic and Financial Research - Econometrics Track Econometrics Core Courses
Master Economic and Financial Research Electives
Master Econometrics and Operations Research Actuarial Science
Master Econometrics and Operations Research Econometrics
Master Econometrics and Operations Research Mathematical Economics
Master Econometrics and Operations Research Operations Research