Game Theory and Economics
Game Theory and Economics
Application of game theory to study strategic interaction between individuals and organizations. Applications include imperfect competition, insurance markets, and bargaining.
| Hours | 3.0 Credit, 3.0 Lecture, 0.0 Lab |
| Prerequisites | ECON 378 & ECON 380 |
| Taught | Fall, Winter |
| Programs | Containing ECON 478 |
Course Outcomes:
Econ 478 students will be able to
- Demonstrate an understanding of the game theoretic method of analysis.
- Define a Nash Equilibrium and discuss refinements of the Nash Equilibrium Concept.
- Think abstractly and rigorously about strategic interaction.