Undergraduate Course: Economics of Strategic Behaviour 1 (ECNM10032)
Course Outline
| School |
School of Economics |
College |
College of Humanities and Social Science |
| Course type |
Standard |
Availability |
Available to all students |
| Credit level (Normal year taken) |
SCQF Level 10 (Year 4 Undergraduate) |
Credits |
20 |
| Home subject area |
Economics |
Other subject area |
None |
| Course website |
None
|
Taught in Gaelic? |
No |
| Course description |
This half-course Senior Honours option comprises the first term of the full-course option the Economics of Strategic Behaviour. The half-course reviews the game theoretic analysis of interactive decision-making, covering static and dynamic games with complete information, and static games with incomplete information. The basic concepts developed include: Nash equilibrium; dominant strategies; mixed strategies; games in extensive form; subgame perfection; timing & commitment; and Bayesian approaches to games of asymmetric information. The concepts are illustrated by applications, such as: Cournot oligopoly; the "tragedy of the commons"; tennis; bargaining; policy credibility; and auctions. |
Information for Visiting Students
| Pre-requisites |
None |
| Displayed in Visiting Students Prospectus? |
Yes |
Course Delivery Information
|
| Delivery period: 2010/11 Semester 1, Available to all students (SV1)
|
WebCT enabled: Yes |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| Central | Lecture | Seminar Rm 4, Chrystal McMillan Building | 1-11 | | 09:00 - 10:50 | | | |
| First Class |
Week 1, Tuesday, 09:00 - 10:50, Zone: Central. Seminar Rm 4, Chrystal McMillan Building |
| Exam Information |
| Exam Diet |
Paper Name |
Hours:Minutes |
Stationery Requirements |
Comments |
| Main Exam Diet S2 (April/May) | | 2:00 | 20 sides | c/w ECNM10013 |
|
| Delivery period: 2010/11 Semester 1, Part-year visiting students only (VV1)
|
WebCT enabled: No |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| Central | Lecture | Seminar Rm 4, Chrystal McMillan Building | 1-11 | | 09:00 - 10:50 | | | |
| First Class |
Week 1, Tuesday, 09:00 - 10:50, Zone: Central. Seminar Rm 4, Chrystal McMillan Building |
| No Exam Information |
Summary of Intended Learning Outcomes
| The main principles of static and dynamic game theory in complete information settings, and static games of incomplete information; The importance of information in strategic situations; The importance of timing, commitment and credibility; How game theory can help analyse and design auctions. |
Assessment Information
Exercise (20% of the final mark); A 2 hour Degree examination in April/May diet (80% of the final mark).
Visiting Student Variant Assessment
A take-home problem set (20% of the final mark); two x 2500 word essays (80% of the final mark). |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords |
Not entered |
Contacts
| Course organiser |
Dr Ed Hopkins
Tel: (0131 6)50 3061
Email: Ed.Hopkins@ed.ac.uk |
Course secretary |
Ms Dawn Mcmanus
Tel: (0131 6)50 8361
Email: Dawn.McManus@ed.ac.uk |
|
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31 January 2011 7:34 am
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