Module Title - Game Theory
Number of credits – 10
This module presents game theory as the study of decision-making in competitive situations. It provides an introduction to the theory of finite and infinite games with a particular emphasis on 2-person games. All results will be presented in a rigorous way and accompanied, wherever possible, by showing economic applications.
This module also demonstrates that the results and concepts of other branches of mathematics (like the fixed point theorem, convexity, and duality) have practical interpretation and use.
By the end of the module you will be able to:
- understand and use the main concepts of game theory like optimal strategies, stable sets and the core of the game;
- formulate games from economic narratives; use a range of methods for solving these games.
- by the end of the module students should be able to explore these topics beyond the taught syllabus.
Teaching and assessment:
- Assessment: 10% Continuous Assessment, 90% Final Examinations.
- Semester 1.
- Teaching: 22 hours of lectures, 5 hours examples classes