Courses Exchange Display 2022-2023
|Game Theory and Economics
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|Language of instruction
Knowledge of the main concepts in cooperative and non-cooperative game theory; skills in applying these concepts in economic models.
PLEASE NOTE THAT THE INFORMATION ABOUT THE TEACHING AND ASSESSMENT METHOD(S) USED IN THIS COURSE IS WITH RESERVATION. A RE-EMERGENCE OF THE CORONAVIRUS AND NEW COUNTERMEASURES BY THE DUTCH GOVERNMENT MIGHT FORCE COORDINATORS 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.
This course discusses the main concepts from non-cooperative and cooperative game theory. The following topics will be discussed:
* Non-cooperative game theory: Nash equilibrium, subgame perfect equilibrium, Bayesian and perfect Bayesian equilibrium.
* Cooperative game theory: core, Shapley value, nucleolus.
The emphasis will be on understanding and proving properties of the solutions concepts and some applications. Applications range from oligopoly theory to job market signalling, auctions and cost allocation.
Game Theory: A multi-leveled approach, author: Hans Peters/Springer 2015 2nd edition.
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 (indicative; course manual is definitive)
|PBL / Lecture / Groupwork
|Assessment methods (indicative; course manual is definitive)
|Written Exam / Assignment
|Evaluation in previous academic year
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|This course belongs to the following programmes / specialisations