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.
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesECON 378 & ECON 380
 TaughtFall, Winter
 ProgramsContaining ECON 478
Course Outcomes

Econ 478 students will be able to

  1. Demonstrate an understanding of the game theoretic method of analysis.
  2. Define a Nash Equilibrium and discuss refinements of the Nash Equilibrium Concept.
  3. Think abstractly and rigorously about strategic interaction.