• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Classification Advanced
  • Course subject Economics
  • Areas of interest Economics

In many – perhaps most – economic interactions, there is potential for strategic behaviour, a term, “intended to focus on the interdependence of the adversaries’ decisions and on their expectations about each other’s behaviour” (Schelling, 1960, The Strategy of Conflict).   Recognising and understanding such behaviour is an essential part of any economist's toolkit and this course is designed to enable just such recognition and understanding.

Game theory has successfully been applied in a diverse range of fields, such as economics, political science, law, biology and computer science. The aim of this course is to provide an introduction to strategic thinking and analysis through the basic techniques of game theory and to illustrate the range of its applications in economics and business and other areas.  While the level of the course will be introductory, and mathematical prerequisites are minimal, the presentation of the material will rely on precise logical arguments.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. demonstrate understanding of the tools taught in class and be able to recognise their application to the analysis of real world fact situations.
  2. demonstrate an understanding of the strategic issues in a problem and understand how a game theorist might decide on the appropriate tools to analyse it.
  3. demonstrate understanding of articles using game theory.
  4. demonstrate understanding of the underlying structure of simple games used in economics.

Indicative Assessment

  1. in class quizzes (15) [LO 1,2,3,4]
  2. Mid-Semester exam (35) [LO 1,2,3,4]
  3. Final exam (50) [LO 1,2,3,4]

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Workload

Students taking this course are expected to commit at least 10 hours a week comprised of: 3 hours of lectures and, 1 hour of tutorial, and 6 hours of private study

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course you must have completed the equivalent of, or have concurrent enrolment in ECON8025, and ECON8013. Incompatible with ECON3152.

Prescribed Texts

See class summary

Assumed Knowledge

Prior acquaintance with economic modeling is helpful, but is not a requirement for the course.

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Domestic fee paying students
Year Fee
2019 $4320
International fee paying students
Year Fee
2019 $5700
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery Class Summary
8533 22 Jul 2019 29 Jul 2019 31 Aug 2019 25 Oct 2019 In Person N/A

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