ECO3032 : Game Theory
- Offered for Year: 2019/20
- Module Leader(s): Dr Francis Kiraly
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
|Semester 2 Credit Value:||10|
Game theory constitutes one of the main approaches used in economic theory. As a method of scientific analysis, it formalises situations of social interaction and strategic behaviour, and offers explanations for various outcomes in terms of equilibrium inter-dependent decisions. The module offers an in-depth analysis of various game theoretical models and provides further applications of game theory in economics.
Outline Of Syllabus
1. Coalitional games
2. Cooperative bargaining
3. Strategic games in normal form
4. Strategic games in extensive form
5. Repeated games
6. Strategic bargaining
|Scheduled Learning And Teaching Activities||Lecture||1||1:00||1:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||25:00||25:00||N/A|
|Scheduled Learning And Teaching Activities||Lecture||7||2:00||14:00||N/A|
|Guided Independent Study||Directed research and reading||1||25:00||25:00||N/A|
|Scheduled Learning And Teaching Activities||Small group teaching||3||1:00||3:00||N/A|
|Guided Independent Study||Independent study||1||32:00||32:00||N/A|
Teaching Rationale And Relationship
1. Lectures provide an in-depth presentation of game theoretical models.
2. Seminars take students through economic applications of game theory and provide solutions to problem sets.
3. Independent study involves preparing problem sets and additional reading material.
The format of resits will be determined by the Board of Examiners
|Written Examination||120||2||A||100||Unseen exam|
|Prob solv exercises||2||M||Problem Solving (Written) Exercises handed in by students before Seminars, followed by group feedback in class.|
|Written exercise||2||M||Individual feedback on answers to past exam papers.|
Assessment Rationale And Relationship
The examination is designed to test the students’ ability to formalise and analyse game theoretical models of strategic interaction, as well as their ability to apply the methods of game theory to applications in economics.