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 |
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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. |
Course Delivery Information
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Delivery period: 2010/11 Semester 1, Available to all students (SV1)
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WebCT enabled: Yes |
Quota: None |
Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Central | Lecture | | 1-11 | | 09:00 - 10:50 | | | |
First Class |
Week 1, Tuesday, 09:00 - 10:50, Zone: Central. Chrystal McMillan Building |
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Delivery period: 2010/11 Semester 1, Part-year visiting students only (VV1)
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WebCT enabled: No |
Quota: None |
Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
Central | Lecture | | 1-11 | | 09:00 - 10:50 | | | |
First Class |
Week 1, Tuesday, 09:00 - 10:50, Zone: Central. Chrystal McMillan Building |
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). The degree exam will be identical to section 1 of the full-course degree exam paper, and will need to be sat simultaneously.
Visiting Student Variant Assessment
A take-home problem set (20% of the final mark); two x 2500 word essays (80% of the final mark). |
Please see Visiting Student Prospectus website for Visiting Student Assessment information |
Special Arrangements
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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copyright 2010 The University of Edinburgh -
1 September 2010 5:49 am
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