ØASØK2000 Game Theory Course description

The course is an intermediate course in Microeconomics. We present the key concepts in Game Theory and apply techniques and insights from Game Theory to study different economic issues in detail. Topics include analyses of coordination failures, non-competitive markets, market failures, auctions, bargaining, and political competition.

Language of instruction is English.

The course builds on the introductory course ØASØK1000 Microeconomics.

None

After completing the course, the student should have the following overall learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge

The student has knowledge of

• game theory and its role in analyzing strategic behavior
• the basic economic theories explaining the behaviors of consumers and firms
• the structure of markets
• the role of information in markets

Skills

The student can

• formulate and analyze strategic interactions
• use economic concepts to explain consumer and firm behavior
• use economic reasoning to discuss economic policies

General competence

The student can

• develop insights to critically address economic issues
• engage in analytical discussions of economic policies

The course is a mix of lectures and seminars.

The teaching takes place with in-person attendance on campus.

The following coursework requirements must have been approved for the student to take the exam:

• Coursework 1: Written submission (5-10 pages) which is carried out in groups of two or individually.

The purpose of the coursework requirement is to help students engage actively with the material and strengthen their ability to apply game-theoretic concepts to economic problems.

All required coursework must be completed and approved by the given deadline for the student to take the exam. If the coursework requirements have not been approved, the student will be given one opportunity to submit an improved version by a given deadline.

The exam in the course is a supervised exam of 4 hours.

The following aids are permitted:

• One dictionary (native language-English/English-native language or English-English).
• Calculator (see regulations for the use of calculators in the programme description)

Grade scale A - F

The exam papers are assessed by one internal and one external examiner.

At least 25% of the exam papers will be assessed by two examiners. The grades awarded for the papers assessed by two examiners form the basis for determining the level for all the exam papers.

Jacopo Bizzotto