ECON223-21SU2 (C) Summer Nov 2021 start

Introduction to Game Theory for Business, Science and Politics

15 points

Details:
Start Date: Monday, 15 November 2021
End Date: Sunday, 19 December 2021
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 21 November 2021
  • Without academic penalty (including no fee refund): Friday, 3 December 2021

Description

ECON223 is an introduction to game theory. Game theory itself is the science that studies strategic interaction, the interplay of competition and cooperation between rational, intelligent people. This course is introductory and non-mathematical, emphasizing a small number of key strategic ideas and principles that you will learn through hands-on, interactive playing and analyzing simple stylized examples. The course is multidisciplinary, with examples drawn from social behavior in economics, business, politics, management, history, sociology, psychology, and biology. Completion of first year university in any field is the only prerequisite.

Learning Outcomes

  • The objectives of the course are:
  • Describe the basic components and assumptions of games.
  • Describe the set of strategies available to players in a sequential game.
  • Understand the concepts of Nash equilibrium, dominant strategy and dominated strategy.
  • Model and use backward induction to solve sequential games in extensive form.

Pre-requisites

Any 60 points

Timetable 2021

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Monday 11:00 - 13:00 Rehua 005
15 Nov - 19 Dec
Lecture B
Activity Day Time Location Weeks
01 Tuesday 09:00 - 11:00 Rehua 005
15 Nov - 19 Dec
Tutorial A
Activity Day Time Location Weeks
01 Thursday 10:00 - 11:00 Rehua 003 Music
15 Nov - 19 Dec
02 Thursday 14:00 - 15:00 Rehua 003 Music
15 Nov - 19 Dec

Course Coordinator

Richard Watt

Lecturer

Alfred Guender

Textbooks / Resources

Recommended Reading

Joseph E. Harrington, Jr; Games, Strategies and Decision Making ;

Indicative Fees

Domestic fee $831.00

International fee $3,875.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Department of Economics and Finance .

All ECON223 Occurrences

  • ECON223-21SU2 (C) Summer Nov 2021 start