ECON223-23SU2 (C) Summer Nov 2023 start

Introduction to Game Theory for Business, Science and Politics

15 points

Details:
Start Date: Monday, 13 November 2023
End Date: Sunday, 17 December 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 19 November 2023
  • Without academic penalty (including no fee refund): Sunday, 3 December 2023

Description

ECON223 is an introduction to game theory. Game theory itself is the science that studies strategic interaction, the interplay of competition and cooperation between rational, intelligent people. This course is introductory and non-mathematical, emphasizing a small number of key strategic ideas and principles that you will learn through hands-on, interactive playing and analyzing simple stylized examples. The course is multidisciplinary, with examples drawn from social behavior in economics, business, politics, management, history, sociology, psychology, and biology. Completion of first year university in any field is the only prerequisite.

Learning Outcomes

  • The objectives of the course are:
  • Describe the basic components and assumptions of games.
  • Describe the set of strategies available to players in a sequential game.
  • Understand the concepts of Nash equilibrium, dominant strategy and dominated strategy.
  • Model and use backward induction to solve sequential games in extensive form.

      • University Graduate Attributes

      This course will provide students with an opportunity to develop the Graduate Attributes specified below:

      Critically competent in a core academic discipline of their award

      Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

      Employable, innovative and enterprising

      Students will develop key skills and attributes sought by employers that can be used in a range of applications.

Prerequisites

Any 60 points

Course Coordinator

Steve Agnew

Assessment

Assessment Due Date Percentage  Description
Test 28 Nov 2023 40% On-campus closed book
Test 15 Dec 2023 60% On-campus closed book

Textbooks / Resources

Recommended Reading

Joseph E. Harrington, Jr; Games, Strategies and Decision Making ;

Indicative Fees

Domestic fee $868.00

International fee $4,075.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Department of Economics and Finance .

All ECON223 Occurrences

  • ECON223-23SU2 (C) Summer Nov 2023 start
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