Courses Exchange Display 2018-2019
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| Course title | Thinking Strategically | |||||||||||||||||||||||||||||||||||||||
| Course code | EBC2082 | |||||||||||||||||||||||||||||||||||||||
| ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
| Assessment | None | |||||||||||||||||||||||||||||||||||||||
| Period |
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| Level | Intermediate/Advanced | |||||||||||||||||||||||||||||||||||||||
| Coordinator |
Hans Peters For more information: h.peters@maastrichtuniversity.nl |
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| Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
| Goals |
After this course students know the basic concepts of game theory and their applications to economics.
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| 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.
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| Literature |
H. Peters: Game Theory - A Multileveled Approach, Springer, 2015 (2nd edition).
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| 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.
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| Teaching methods (indicative; course manual is definitive) | PBL / Lecture / Assignment | |||||||||||||||||||||||||||||||||||||||
| Assessment methods (indicative; course manual is definitive) | 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 |
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