Game Theory and Economic Applications

Catalog description

Introduction to game theory and its applications to economics. Topics: strategic and extensive form games, dominant strategies, Nash equilibrium, subgame-perfect equilibrium, and Bayesian equilibrium. The theory is applied to repeated games, oligopoly, auctions, and bargaining with examples from economics and political science. This is a core requirement for the ECON BS program. Approved field credit for the ECON BA and Minor Programs. Econ field credit for the BA/Minor given for 160, 167G, or 180, the other may be taken for elective credit.