Undergraduate Course: Economics of Strategic Behaviour 1 (ECNM10032)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 10 (Year 4 Undergraduate) |
Credits | 20 |
| Home subject area | Economics |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | This half-course Senior Honours option comprises the first term of the full-course option the Economics of Strategic Behaviour. The half-course reviews the game theoretic analysis of interactive decision-making, covering static and dynamic games with complete information, and static games with incomplete information. The basic concepts developed include: Nash equilibrium; dominant strategies; mixed strategies; games in extensive form; subgame perfection; timing & commitment; and Bayesian approaches to games of asymmetric information. The concepts are illustrated by applications, such as: Cournot oligopoly; the "tragedy of the commons"; tennis; bargaining; policy credibility; and auctions. |
Information for Visiting Students
| Pre-requisites | None |
| Displayed in Visiting Students Prospectus? | Yes |
Course Delivery Information
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| Delivery period: 2012/13 Semester 1, Available to all students (SV1)
|
Learn enabled: Yes |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| Central | Lecture | 2.13 Geography Building, Infirmary Street | 1-11 | | | 09:00 - 10:50 | | |
| First Class |
First class information not currently available |
| Exam Information |
| Exam Diet |
Paper Name |
Hours:Minutes |
|
|
| Main Exam Diet S2 (April/May) | | 2:00 | | |
|
| Delivery period: 2012/13 Semester 1, Part-year visiting students only (VV1)
|
Learn enabled: Yes |
Quota: None |
| Location |
Activity |
Description |
Weeks |
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
| Central | Lecture | See lecture location for main course. | 1-11 | | | 09:00 - 10:50 | | |
| First Class |
First class information not currently available |
| No Exam Information |
Summary of Intended Learning Outcomes
| The main principles of static and dynamic game theory in complete information settings; the importance of timing, commitment and credibility. |
Assessment Information
Take home problem set (20% of the final mark); A 2 hour Degree examination in April/May diet (80% of the final mark).
Visiting Student Variant Assessment
A take-home problem set (50% of the final mark); two additional take-home problem sets (each worth 25% of the final mark). |
Special Arrangements
| None |
Additional Information
| Academic description |
Not entered |
| Syllabus |
Not entered |
| Transferable skills |
Not entered |
| Reading list |
Not entered |
| Study Abroad |
Not entered |
| Study Pattern |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Prof Jozsef Sakovics
Tel: (0131 6)50 3840
Email: Jozsef.Sakovics@ed.ac.uk |
Course secretary | Ms Eirlys Armstrong
Tel: (0131 6)50 8361
Email: eirlys.armstrong@ed.ac.uk |
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