Undergraduate Course: Economics of Strategic Behaviour 1 (ECNM10032)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 10 (Year 4 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	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 description	Not entered

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

Information for Visiting Students
Pre-requisites	None

Course Delivery Information

Academic year 2014/15, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 22, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 172 )
Assessment (Further Info)	Written Exam 80 %, Coursework 20 %, Practical Exam 0 %
Additional Information (Assessment)	Take home problem set (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).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S2 (April/May)			2:00

Academic year 2014/15, Part-year visiting students only (VV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 20, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 176 )
Assessment (Further Info)	Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment)	Take home problem set (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).
Feedback	Not entered
No Exam Information

Learning Outcomes
The main principles of static and dynamic game theory in complete information settings; the importance of timing, commitment and credibility.

Reading List
None

Additional Information
Graduate Attributes and Skills	Not entered
Keywords	ESB1

Contacts
Course organiser	Dr Ed Hopkins Tel: (0131 6)50 3061 Email: Ed.Hopkins@ed.ac.uk	Course secretary	Ms Dawn Hutcheon Tel: (0131 6)51 5958 Email: Dawn.Hutcheon@ed.ac.uk