Courses NonDegree Display 2024-2025
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| Course title | Game Theory and Economics | ||||||||||||||||||||||||||||||||||||||||||||||
| Course code | EBC2110 | ||||||||||||||||||||||||||||||||||||||||||||||
| ECTS credits | 6,5 | ||||||||||||||||||||||||||||||||||||||||||||||
| Assessment | Whole/Half Grades | ||||||||||||||||||||||||||||||||||||||||||||||
| Period |
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| Level | Advanced | ||||||||||||||||||||||||||||||||||||||||||||||
| Coordinator |
Marc Schröder For more information: m.schroder@maastrichtuniversity.nl |
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| 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.
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| Description |
This course discusses the main concepts from non-cooperative and cooperative game theory:
* Non-cooperative game theory: Nash equilibrium, subgame perfect equilibrium, and Bayesian equilibrium. * Cooperative game theory: core, Shapley value, nucleolus. Applications range from auctions to job market signalling, and cost allocation. |
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| Literature |
Game Theory: A multi-leveled approach, author: Hans Peters/Springer 2015 2nd edition.
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| Prerequisites |
This course is in transition for the bachelor Fiscal Economics.
See the Bachelor Education and Examination Regulations for more information. The following rule applies to bachelor Fiscal Economics students. TRANSITIONAL REGULATION (EBC2110): The bachelor Fiscal Economics has been discontinued. There will be repeat education for year 1 and year 2 courses up to and including academic year 2025-2026 and exam-only up to and including academic year 2026-2027. For year 3 courses there will be repeat education up to and including 2026-2027 and exam-only up to and including academic year 2027-2028. Whether a course is in transition, cancelled, or replaced may depend on the cohort you are in. Sometimes there are additional criteria. It is therefore very important to carefully read the EER and any addendum so you can apply the rules to your individual situation. 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. |
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| Teaching methods (indicative; course manual is definitive) | PBL / Presentation / Lecture / Groupwork | ||||||||||||||||||||||||||||||||||||||||||||||
| Assessment methods (indicative; course manual is definitive) | Written Exam / Assignment | ||||||||||||||||||||||||||||||||||||||||||||||
| 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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