Courses Exchange Display 2020-2021

Course Description To PDF
Course title Thinking Strategically
Course code EBC2082
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
1 31-8-2020 16-10-2020 X X
Level Intermediate/Advanced
Coordinator Andrés Perea y Monsuwé
For more information: a.perea@maastrichtuniversity.nl
Language of instruction English
Goals
After this course students know the basic concepts of game theory and their applications to economics.
Description
PLEASE NOTE THAT THE INFORMATION ABOUT THE TEACHING AND ASSESSMENT METHOD(S) USED IN THIS COURSE IS WITH RESERVATION. THE INFORMATION PROVIDED HERE IS BASED ON THE COURSE SETUP PRIOR TO THE CORONAVIRUS CRISIS. AS A CONSEQUENCE OF THE CRISIS, COURSE COORDINATORS MAY BE FORCED TO CHANGE THE TEACHING AND ASSESSMENT METHODS USED. THE MOST UP-TO-DATE INFORMATION ABOUT THE TEACHING/ASSESSMENT METHOD(S) WILL BE AVAILABLE IN THE COURSE SYLLABUS.

In many situations, economic actors need to make decision while knowing that the final outcome will also depend on the decisions of others. Think, for instance, of competing firms who must choose a price for their product, knowing that their market share will also depend on the prices of the competitors. Such situations are called games, and the actors involved are called players. In order to reach a good decision, it is important for a player to reason about the decisions and motivations of his opponents. In this course you learn how to reason about your opponents in game theoretic situations, and how to use this reasoning to make good decisions. The theory will be applied to various economic situations of interest.
Literature
Andrés Perea: "Epistemic Game Theory: Reasoning and Choice", Cambridge University Press, 2012.
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 - Economics Year 3 Quantitative Economics Elective(s)
Bachelor Economics and Business Economics - Emerging Markets Year 3 Elective Course(s)
Bachelor Economics and Business Economics - Economics and Management of Information Year 2+3 Quantitative Economics Elective(s)
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Accounting
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Finance
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Inf Mgmt
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Marketing
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Org
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj SCM
Bachelor Economics and Business Economics - International Business Economics Year 3 QE Elec(s) - Maj Strategy
Bachelor International Business - Emerging Markets Year 3 Elective Course(s)
Bachelor International Business Year 3 QE Elec(s) - Maj Accounting
Bachelor International Business Year 3 QE Elec(s) - Maj Finance
Bachelor International Business Year 3 QE Elec(s) - Maj Inf Mgmt
Bachelor International Business Year 3 QE Elec(s) - Maj Marketing
Bachelor International Business Year 3 QE Elec(s) - Maj Org
Bachelor International Business Year 3 QE Elec(s) - Maj SCM
Bachelor International Business Year 3 QE Elec(s) - Maj Strategy
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