STRATEGIC THINKING*

概要

Prerequisites: (a) Sound knowledge of calculus; AND (b) IBE200 Principles of Microeconomics [Note: If you do not meet the prerequisites but still want to enrol in this course, please talk to (or email) the instructor prior to the first class. In general, you are not allowed to enrol in the course, but the instructor may give you a special permission if your background is deemed sufficient. Not obtaining a permission is a sufficient reason for receiving an F grade.] Game theory is a way of thinking about strategic situations. Most decisions you make are not made in isolation, but involve interaction with others. This course discusses some strategic considerations to take into account when making your own choices. We will learn game theory so that you can formally — using a mathematically precise and logically consistent structure — examine situations of potential conflict: situations where the eventual outcome depends not just on your decision and chance, but the actions of others as well. Various applications of game theory will be drawn from economics as well as other disciplines.

目標

Students who successfully complete this course should be able to: 1. Explain how game theorists think and approach strategic situations; 2. Apply game theoretic analysis to examine the real world situations; AND 3. Recognise the underlying structure of simple games used in other courses.

授業外の学習

Preparation of class materials (30 minutes). Work on questions from class and assignments (120 minutes) Review class lecture (40 minutes)

所要時間: 190 minutes per lecture.