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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2014/2015
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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: Economics of Strategic Behaviour 2 (ECNM10064)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 10 (Year 4 Undergraduate) AvailabilityNot available to visiting students
SCQF Credits20 ECTS Credits10
SummaryThis course is about economic decisions that involve conflict and interdependency in an essential way. Situations in which what one person, or firm, or government does affects the opportunities, profits, and welfare of others, and vice versa, are ubiquitous in the real world e.g., bidding for a house, negotiating a wage rise, introducing a new product, setting macroeconomic targets. New insights have been gained into these problems by the application of game theory. This can be defined as the study of models of conflict, and cooperation, between rational decision-makers who know what they want and do their best to get it.
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 Other requirements None
Course Delivery Information
Not being delivered
Learning Outcomes
Having taken the course students will be able to understand: the main solution concepts in modern game theory; the importance of information in strategic situations; the importance of timing, commitment and credibility; why cooperation and collusion might (or might not) occur in situations involving conflict and interdependency; the role of dynamic games of complete and incomplete information; problems with game theory; evolutionary game theory; learning models.
Reading List
None
Additional Information
Graduate Attributes and Skills Not entered
KeywordsNot entered
Contacts
Course organiserProf Jozsef Sakovics
Tel: (0131 6)50 3840
Email: Jozsef.Sakovics@ed.ac.uk
Course secretaryMs Eirlys Armstrong
Tel: (0131 6)50 9905
Email: eirlys.armstrong@ed.ac.uk
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