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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2011/2012
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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Economics of Strategic Behaviour 1 (ECNM10032)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 10 (Year 4 Undergraduate) Credits20
Home subject areaEconomics Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThis 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.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Topics in Economic Analysis 1 (ECNM10050)
Co-requisites
Prohibited Combinations Students MUST NOT also be taking Economics of Strategic Behaviour (ECNM10013)
Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesNone
Displayed in Visiting Students Prospectus?Yes
Course Delivery Information
Delivery period: 2011/12 Semester 1, Available to all students (SV1) WebCT enabled:  No Quota:  None
Location Activity Description Weeks Monday Tuesday Wednesday Thursday Friday
CentralLectureAppleton Tower, Room 2.121-11 09:00 - 10:50
First Class Week 1, Tuesday, 09:00 - 10:50, Zone: Central. Appleton Tower, Room 2.12
Exam Information
Exam Diet Paper Name Hours:Minutes
Main Exam Diet S2 (April/May)2:00
Delivery period: 2011/12 Semester 1, Part-year visiting students only (VV1) WebCT enabled:  No Quota:  None
Location Activity Description Weeks Monday Tuesday Wednesday Thursday Friday
CentralLectureAppleton Tower, Room 2.121-11 09:00 - 10:50
First Class Week 1, Tuesday, 09:00 - 10:50, Zone: Central. Appleton Tower, Room 2.12
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 (50% of the final mark); two additional take-home problem sets (each worth 25% 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
KeywordsNot entered
Contacts
Course organiserDr Ed Hopkins
Tel: (0131 6)50 3061
Email: Ed.Hopkins@ed.ac.uk
Course secretaryMs Eirlys Armstrong
Tel: (0131 6)50 8361
Email: eirlys.armstrong@ed.ac.uk
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