Game Theory for Economists

University of Glasgow

Course Description

  • Course Name

    Game Theory for Economists

  • Host University

    University of Glasgow

  • Location

    Glasgow, Scotland

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Scotcat Credits

    15
  • Recommended U.S. Semester Credits
    3.75 - 4
  • Recommended U.S. Quarter Units
    6
  • Overview

    The course reviews the main concepts of Game Theory, both in the non-cooperative and cooperative models, and explains their importance in economics and other social sciences.
    The aims of the course are:
    • To show that most interactions of economic agents can be modelled as strategic games for instance, oligopolistic competition, face to face bargaining, multilateral exchange, auctions, and voting by majority.
    • To formalise such interactions by means of static or dynamic games, and the key concepts of
    • Nash equilibria and core stability.
    • To explain when and if such equilibria can be found and how to compute them.
    • To interpret the light they cast on the economic question that motivates them in the first place.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.