- Code ECON2141
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics
- Academic career UGRD
- Mode of delivery In Person
In many - perhaps most – economic, political, legal and social 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 analyst’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, military analysis, 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 almost all fields of social interaction. 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. This course should be of interest to students from any part of the University.
Upon successful completion, students will have the knowledge and skills to:
- Understand how game theorists think and approach a strategic problem.
- Understand the tools taught in class and be able to recognise their application to the analysis of real world fact situations.
- Recognise the strategic issues in a problem and understand how a game theorist might decide on the appropriate tools to analyse it.
- Assessment is on the basis of a number of Problem Sets, a midterm examination, a final examination and in-class quizzes.The problem sets involve a mixture of analytical numerical questions and brief written answers. The exams may also include a range of question types: short answers, definitional questions, analytical problems and essays. (null) [LO null]
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WorkloadStudents taking this course are expected to commit at least 10 hours a week including but not limited to: 2 ninety-minute lectures and 1 one-hour tutorial.
Requisite and Incompatibility
Prior acquaintance with economic modeling is helpful, but is not a requirement for the course.
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- 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.