Course Catalog - 2013-2014

     

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 analyses situations involving conflict and/or cooperation, secrecy and randomization, commitment tactics and coordination issues. Concepts such as dominated strategies, Nash equilibrium, Pareto optimality, backward induction are defined and illustrated in parlor games and simple models from economics, politics, and other social sciences. A taste for rigorous logical analysis is essential.