Courses NonDegree Display 2022-2023

Course Description To PDF
Course title Game Theory and Economics
Course code EBC2110
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
2 31-10-2022 9-12-2022 X X X
Level Advanced
Coordinator Marc Schröder
For more information: m.schroder@maastrichtuniversity.nl
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.
Description
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.
Literature
Game Theory: A multi-leveled approach, author: Hans Peters/Springer 2015 2nd edition.
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.
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 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 Econometrics and Operations Research Year 2 Compulsory Course(s)
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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