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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.
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.
Any 60 points
Joseph E. Harrington, Jr;
Games, Strategies and Decision Making
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