HE3002_OBTL.pdf - 3 TEMPLATE FOR REVISED COURSE CONTENT Academic Year Course Coordinator Course Code Course Title Pre-requisites No of AUs Contact Hours


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1 3. TEMPLATE FOR REVISED COURSE CONTENT Academic Year 2019/2020 Semester SEM 1 Course Coordinator Tan, Teck Yong Course Code HE3002 Course Title Game Theory and Applications Pre-requisites HE2001 Intermediate Microeconomics No of AUs 3 Contact Hours 39 hours (2 hours of lecture and 1 hour of tutorial each week) Proposal Date 11 April 2019 Course Aims Game theory is the study of strategic interactive decision making. It is widely used in political science, psychology and evolutionary biology, and it is the dominant paradigm of modern economic analysis. The first part of this course introduces the central concepts and the tools of game theoretical analysis, and the second part focuses on the use of game theory in economics with applications drawn upon settings such as auctions, oligopoly and price wars, organizational design and labour contracts. The course is aimed at 3 rd and 4 th year students interested in using mathematical modeling to study economic questions. Intended Learning Outcomes (ILO) By the end of this course, you (as a student) would be able to: 1. Describe what is a “game” in the language of game theory and define the key ingredients of a game. 2. Transform an economic relationship between two or more parties into a “game” and analyze (i.e., make predictions) the relationship from the lens of game theory. 3. Explain the differences in the information structure of a game and categorize each game into a game of perfect information, imperfect information, complete information, or incomplete information. 4. Apply the appropriate equilibrium concept for games with different information structures.
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