Game Theory

Study facts

Course codeECON327
ECTS credits10
Teaching semesterVår, Haust
Teaching language
Norwegian or English
Study levelPostgraduate Courses
Number of semesters1
Resources
Belongs toDepartment of Economics

Contact

Contact Information

Department of Economics

E-mail: studieveileder@econ.uib.no

Tlf: +47 55 58 92 26

Aim and Content

Game theory tries to understand observed phenomena when several actors affect each other. As elsewhere in economics, the basic hypothesis is that each participant seeks well-defined goals (instrumental rationality) and at the same time takes into account knowledge and expectations related to the choices of others. This theory is a foundation stone for modern social analysis. It is fairly abstract and can therefore be used in the study of a wide range of phenomena.

Learning Outcomes

When having completed the course the student should:

- know and be able to reproduce central examples,

- discern chief stages in the development of the field,

- be familiar with basic concepts, modelling and analysis of non-cooperative games on strategic form,

- be fully informed as to what is meant by the concept of a strategy,

- have a good knowledge of modelling and representation of games on extended form,

- know sufficient conditions for existence of Nash equilibrium,

- be informed about core solutions to cooperative games.

Course offered (semester)

Irregular

Exam offered (semester)

Autumn/spring

Recommended previous knowledge

A good knowledge of economics is recommended

Teaching Methods

Lectures

Assessment methods

4 hours written exam

Grading Scale

Grading A-F

Course Unit Evaluation

All the courses at the Department of Economics are evaluated at the end of each semester.