Courses / Module

• Present a game in normal and/or extensive form.
• Determine all Nash equilibrium solutions to a game, and which of those solutions are subgame perfect.
• Discuss the relative strengths of various solution concepts.
• Apply game theory concepts to models of economic behaviour.
• Demonstrate how credible commitment by players can alter the Nash equilibrium solution.
• Determine the strategies and conditions under which players can maintain a collusive agreement as a Nash equilibrium solution.
• Outline optimal bidding strategies under various auction mechanisms in the context of perfect and imperfect information.
• Discuss any problems arising from auctions when bidders have imperfect information.

• Lectures, problems sets, private study

• Module Graded (numeric value) or Ungraded (Pass/Not Passed): Graded
• Continuous Assessment detail(s): Multiple Choice Quiz (MCQ) examination, worth 20% of total module marks, will take place around halfway through Semester 2.

• Pass standard: 40%
• Could the result of this module be capped? No
• 40%
• Penalties: Please refer to departmental policy on excused absences.

• Yes. Any continuous assessment mark will be carried forward.
• University scheduled written examination (Autumn): 90 minutes

• EC201 or equivalent.

This timetable is not currently available, please contact the Economics,finance & Accounting Department.