This module aims to provide students with an introduction to the concepts and techniques of game theory, its uses and limitations. In addition, a large number of situations of strategic interaction are studied, with regard to economic problems (including auctions, bargaining and competition between firms) but also to political science (voting behavior, competition among political parties).
Upon completion of the course, students will have learned how to use logical reasoning to understand strategic interaction among decision makers. The course also trains students in the process of game-theoretic model-building and evaluation. We will also examine some the empirical evidence (observational and experimental) and to what extent it supports the various predictions.
In working through the various situations of strategic interactions that will be considered, students will demonstrate their problem-solving analytical and deductive skills.