EC 315 Game Theory
Game theory is a collection of tools used to study and model strategic decision-making. These methods can be used to study optimal decision-making in contexts ranging from those normally viewed as "games" such as poker to situations that economists are more concerned with including how to place a bid in an auction how to set prices to draw business from a competitor etc. This class will begin by developing the formal tools of game theory and then alternate between showing interesting applications of that theory and developing additional theoretical tools. The types of applications that will be discussed will include a study of optimal auctions pricing games and models of election games. The goal for this class is that by the end of it students should be able to engage in complex strategic analysis of real world situations.
Prerequisite
EC 202 Principles of Microeconomics