Game Theory

Victoria University of Wellington

Course Description

  • Course Name

    Game Theory

  • Host University

    Victoria University of Wellington

  • Location

    Wellington, New Zealand

  • Area of Study

    Economics, Finance

  • Language Level

    Taught In English

  • Prerequisites

    ECON 201

  • 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

  • Credit Points

    15
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Description
    This course introduces and develops game theory and its applications.

    1. Decision Theory (Ch5)
    2. Extensive Form Games (Ch2 and Ch3)
    3. Normal Form Games and the 'Bayes Normal Form' (Ch3 and Ch24)
    4. Common Knowledge and Rationalizability (in the normal form) (Ch4, Ch6, and Ch7)
    5. Nash Equilibrium (Ch9 and Ch11)
    6. Subgame Perfect Nash Equilibrium (Ch14 and Ch15)
    7. Bargaining (Ch18 (pp 230-236) and Ch 19)
    8. Repeated Games (Ch22)
    9. Adverse Selection and Signalling (Ch 26, Ch27, Ch28, and Ch29)
    10. Extensive Form Rationalizability
    11. Extra topics: Reputation (Ch29,) Zero Sum Games (Ch12,) and Cost Sharing

    Course Learning Objectives
    By the end of this course, students should be able to:
    1. apply microeconomic theory at an advanced undergraduate level
    2. formally describe simple economic settings in game theoretic terms
    3. identify Nash equilibria in pure and mixed strategies for a range of simple games
    4. identify a range of types of equilibria, such as subgame perfect Nash equilibria, Bayesian
    Nash equilibria and perfect Bayesian equilibria, for appropriate games.

    Assessment
    Assignment 1 10%
    Assignment 2 10%
    Test (1 hour) 30%
    Final Exam (2 hour) 50%

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

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.

Please reference fall and spring course lists as not all courses are taught during both semesters.

Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations

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.