ECON 315 - Game Theory

Game theory is the study of strategy. This course introduces students to game theory and its application in a wide range of situations. We study various classes of games, including static and dynamic games as well as those of complete and incomplete information. We also consider various solution concepts, including iterated elimination of dominant strategies and Nash equilibrium. Numerous refinements of the Nash equilibrium concept, including subgame perfect Nash equilibrium, Bayesian Nash equilibrium, and perfect Bayesian equilibrium, are also considered. We apply game theory to the study of competition, the commons, bargaining, auctions, conventions, institutions, and political decision-making.

Unit(s): 1
Group Distribution Requirement(s): Distribution Group II
Prerequisite(s): ECON 201 and MATH 111, or equivalent
Instructional Method: Lecture-conference
Grading Mode: Letter grading (A-F)
Group Distribution Learning Outcome(s):

Think in sophisticated ways about causation, social and/or historical change, human cognition, or the relationship between individuals and society, or engage with social, political, religious or economic theory in other areas.