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.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate understanding of the tools taught in class and be able to recognise their application to the analysis of real world fact situations.
- 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.
- demonstrate understanding of articles using game theory.
- demonstrate understanding of the underlying structure of simple games used in economics.
- in class quizzes (15) [LO 1,2,3,4]
- Mid-Semester exam (35) [LO 1,2,3,4]
- Final exam (50) [LO 1,2,3,4]
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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
Requisite and Incompatibility
See class summary
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.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
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