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    ECON 233-Introduction To Game Theory

    Uploaded by

    Haris Ali
    This document outlines the syllabus for an introductory game theory course taught at Lahore University of Management Sciences. The course is 4 credit hours and will meet twice a week for 110 minute lectures and once a week for a 60 minute tutorial. Grading will be based on quizzes, assignments, a midterm exam, and a final exam. Over the course of 28 sessions, topics will range from the foundations of game theory to applications like repeated games, bargaining, and incomplete information. The goal is for students to understand both the methodology of game theory and its applications in economics, especially for strategic decision making.

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    ECON 233-Introduction To Game Theory

    Uploaded by

    Haris Ali
    177 views3 pages
    This document outlines the syllabus for an introductory game theory course taught at Lahore University of Management Sciences. The course is 4 credit hours and will meet twice a week for 110 minute lectures and once a week for a 60 minute tutorial. Grading will be based on quizzes, assignments, a midterm exam, and a final exam. Over the course of 28 sessions, topics will range from the foundations of game theory to applications like repeated games, bargaining, and incomplete information. The goal is for students to understand both the methodology of game theory and its applications in economics, especially for strategic decision making.

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    ECON 233-Introduction to Game Theory

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    This document outlines the syllabus for an introductory game theory course taught at Lahore University of Management Sciences. The course is 4 credit hours and will meet twice a week for 110 minute lectures and once a week for a 60 minute tutorial. Grading will be based on quizzes, assignments, a midterm exam, and a final exam. Over the course of 28 sessions, topics will range from the foundations of game theory to applications like repeated games, bargaining, and incomplete information. The goal is for students to understand both the methodology of game theory and its applications in economics, especially for strategic decision making.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    177 views3 pages

    ECON 233-Introduction To Game Theory

    Uploaded by

    Haris Ali
    This document outlines the syllabus for an introductory game theory course taught at Lahore University of Management Sciences. The course is 4 credit hours and will meet twice a week for 110 minute lectures and once a week for a 60 minute tutorial. Grading will be based on quizzes, assignments, a midterm exam, and a final exam. Over the course of 28 sessions, topics will range from the foundations of game theory to applications like repeated games, bargaining, and incomplete information. The goal is for students to understand both the methodology of game theory and its applications in economics, especially for strategic decision making.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Lahore University of Management Sciences

    Econ 233 Introduction to Game Theory


    Spring 2012

    Instructor Adeel Faheem
    Room No. 415, CS Department
    Office Hours 10:30 11-30 am (MW)
    Email adeel.faheem@lums.edu.pk
    Telephone
    Secretary/TA Rida Ayesha
    TA Office Hours
    Course URL (if any)

    Course Basics
    Credit Hours 4
    Lecture(s) Nbr of Lec(s) Per Week 2 Duration 110 minutes each
    Recitation/Lab (per week) Nbr of Lec(s) Per Week None Duration NA
    Tutorial (per week) Nbr of Lec(s) Per Week 1 Duration 60 minutes

    Course Distribution
    Core
    Elective Yes
    Open for Student Category Sophomores/Juniors
    Close for Student Category

    COURSE DESCRIPTION
    Game theory helps us understand situations in which individuals interact. The focus of game theory is interdependence, situations in which an
    entire group of people is affected by the choices made by every individual within that group. It provides a set of analytical tools to understand and
    consequently predict behaviour in multi-person decision settings. This course introduces students to the study of this area. No prior knowledge of
    the subject is assumed. It exposes students to some basic concepts of game theory and explains how these concepts can be used to model a wide
    variety of game theoretic structures.

    The course will be important for all students planning to take Industrial Organization and Advanced Microeconomic courses, and for those
    planning to pursue graduate studies in economics and business.


    COURSE PREREQUISITE(S)





    Old [Microeconomics 1 ( Econ 211) , Probability/Probability and Statistics]
    New [ Principles of Microeconomics AND statistics and Data Analysis)


    COURSE OBJECTIVES





    To understand a new subject like Game theory and its methodology.
    To learn application of Game theory in economics especially the strategic behavior of economic agents like firms and consumers.







    Lahore University of Management Sciences


    Grading Breakup and Policies

    Quizzes: 15 %
    Assignments (4 assignments): 10 %
    Mid Term: 35 %
    Final Exam: 40 %


    Examination Detail
    Midterm
    Exam

    Yes/No: Yes
    Combine/Separate: Separate
    Duration: In class
    Preferred Date:
    Exam Specifications: Closed books and closed notes; no help sheet allowed; no formula sheet allowed; calculators allowed.

    Final Exam

    Yes/No: Yes
    Combine/Separate: Separate
    Duration: In class
    Exam Specifications: Closed books and closed notes; no help sheet allowed; no formula sheet allowed; calculators allowed.


    COURSE OVERVIEW
    Week/ Lecture/
    Module
    Topics
    Recommended
    Readings
    Session 1 Introduction to Game Theory
    Session 2 First Look at Applications and Theory Chapter1 and 2
    Session 3 Strategic Form and Dominant Strategies Chapter 3
    Session 4 Dominance Solvability Chapter 4
    Session 5 Nash Equilibrium Chapter 5
    Session 6 Cournot Duopoly and Cartel Solution Chapter 6
    Session 7 Quiz 1: Assignmment 1 Due
    Mixed Strategies
    Chapter 8
    Session 8 Some Applications: War of attrition, auctions Osborne and Watson (handouts)
    Session 9 Some Applications: War of attrition, auctions Osborne and Watson (handouts)
    Session 10 Zero Sum Games Chapter 10
    Session 11 Extensive Form and Backward Induction Chapter 11
    Session 12 Quiz 2: Assignment 2 due
    Subgame Perfect Analysis
    Chapter 13
    Session 13 Subgame Perfection contd , (Review for midterm) Chapter 13
    Session 14 Mid-Term
    Session 15 Finitely and Infinitely Repeated Games Chapter 14, 15 and Watson 22
    Session 16 Finitely and Infinitely Repeated Games Chapter 14, 15 and Watson 22
    Session 17 Finitely and Infinitely Repeated Games Chapter 14, 15 and Watson 22
    Session 18 Bayesian Games Chapter 9 Osborne
    Session 19 Bayesian Games Chapter 9 Osborne
    Session 20 Quiz 3: Assignment 3 due
    Bargaining Games
    Chapter 16 Osborne
    Session 21 Bargaining Games Chapter 16 Osborne
    Session 22 Rationalizablity Osborne Ch. 12
    Session 23 Moral Hazard and Incentives Chapter 19 (19.1, 19.2, 19.3)
    Session 24 Quiz 4: Assignment 4 due
    Incomplete Information
    Chapter 20 (20.1)
    Session 25 Incomplete Information Chapter 20 (20.2)
    Session 26 Trade with incomplete information Chapter 27 (Watson)

    Lahore University of Management Sciences


    Session 27 Job Market signaling and reputation Chapter 29 (Watson)
    Session 28 Review and Discussion

    Textbook(s)/Supplementary Readings
    1) Dutta, Prajit K. (1999) Strategies and Games: Theory and Practice. The MIT Press: Cambridge, Massachusetts.
    Text:

    2) The main text will be: Dixit, Avinash, Susan Skeath, and David H. Reiley, Jr. 2009. Games of Strategy, W.W Norton & Company, Inc.
    For reference you can consult:
    3) Watson, Joel. 2002. An Introduction to Game Theory
    4) Osborne, Martin J. 2004. An Introduction to Game Theory. Oxford University Press.
    5) Gibbons R. (1992) Game Theory for Applied Economists. Princeton University Press: Princeton, New Jersey. A bit advanced but an
    excellent applied text.

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