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CB2041 - Applications of Game Theory to Business

Offering Academic Unit
Department of Economics and Finance
Credit Units
3
Course Duration
One Semester
Exclusive Courses:
Course Offering Term*:
Semester A 2017/18, Semester B 2017/18

* The offering term is subject to change without prior notice
 
Course Aims

This course focuses on strategic decision-making in interactive situations where different individuals must anticipate what others are going to do. Game theory offers a systematic way to study environments with strategic interactions. The ultimate goal of this course is to enhance the student’s ability to think strategically in complex, interactive situations. This course also encourages discovery learning, which takes place when students apply their knowledge and skills in game theory to discover solutions to problems in business and life.

An introduction of the main ideas and techniques of game-theoretic analysis related to cooperation, coordination, pricing, location choice, bargaining, conflict, negotiation, bidding in auctions, cheap talk and other strategic interactions in business will be presented. We will adopt a problem-centred approach and use equilibrium analysis in a variety of settings.


Assessment (Indicative only, please check the detailed course information)

Continuous Assessment: 50%
Examination: 50%
Examination Duration: 2 hours
 
Detailed Course Information

CB2041.pdf

Useful Links

Department of Economics and Finance