Course Catalog - 2011-2012

     

ECON 205 - INTRODUCTION TO GAME THEORY

Long Title: INTRODUCTION TO GAME THEORY
Department: Economics
Grade Mode: Standard Letter
Course Type: Lecture
Distribution Group: Distribution Group II
Credit Hours: 3
Description: Formerly ECON 340. Game theory is a way of thinking about strategic situations. Ideas such as dominance, Nash equilibrium, evolutionary stability, backward induction, commitment, credibility, asymmetric information, adverse selection, and signaling are discussed and applied to games played in class and to examples drawn from economics, politics, the movies, and elsewhere. Some familiarity with the principles of microeconomics (e.g. ECON 201, formerly ECON 211) is desirable, but not essential. No prior knowledge of game theory is assumed.