Economics

Game Theory(ECON311)

Course Code Course Name Semester Theory Practice Lab Credit ECTS
ECON311 Game Theory 5 3 0 0 3 5
Prerequisites
Admission Requirements
Language of Instruction Turkish
Course Type Compulsory
Course Level Bachelor Degree
Course Instructor(s) Bilge ÖZTÜRK GÖKTUNA goktunabilge@gmail.com (Email)
Assistant
Objective This course aims to provide basic knowledge and familiarity with the concepts and methods in game theory, which is of importance in natural and social sciences. Another objective is to enable the students to implement game theoretic reasoning to economic and social issues.
Content This course offers an overview of the principal solution concepts and applications of game theory. Game theory is widely used in social sciences to analyse strategic interactions in a variety of contexts. The actions taken by others, competitors, buyers, suppliers, regulators and such, affect companies' market and non-market opportunities. When making decisions companies thus need to anticipate the actions taken by others. Game theory is a methodological tool best suited at analysing such interactions. The course consists of two parts. First, it introduces the principal solution concepts used in game theoretical models (dominance, Nash equilibrium concept, sub-game perfection and sequential equilibria), then it studies applications of game theory in a number of areas, such as bargaining, signaling, spatial models.
Course Learning Outcomes 1. strategic considerations to take into account making choices
2. prediction of how other people or organizations behave in strategic settings
3. new concepts, methods and terminology to apply these tools to settings from economics
Teaching and Learning Methods The students are expected to learn concepts and methods in class and work on assignments.
References A. Dixit and B. Nalebuff. Thinking Strategically, Norton 1991
J. Watson. Strategy: An Introduction to Game Theory, Norton 2002
P.K. Dutta. Strategies and Games: Theory And Practice, MIT 1999
G. Demange et J.-P. Ponsard Théorie des Jeux et Analyse Economique, 1994
Bierman and Fernandez, Game Theory with Economic Applications, Second Edition, Addison Wesley (1998).
Fudenberg and Tirole, Game Theory, MIT Press (1991).
Gibbons, Game Theory for Applied Economists, Princeton University Press (1992).
Krishna, Auction Theory, Academic Press (2002).
Print the course contents
Theory Topics
Week Weekly Contents
1 Introduction and examples
2 Static games under perfect information-Representation by normal form
3 Dominant strategy equilibrium and Rationalization
4 Variable sum games and pure strategy Nash equilibrium
5 Nash equilibrium applications
6 Mixed strategy Nash equilibrium-Applications
7 Static games under imperfect information-Asymmetric information
8 Dynamic games under perfect information-Dynamic games under perfect and complete information-Extensive form games-Backward induction
9 Credibility-Commitment
10 Dynamic games under complete and imperfect information-Subgame perfect equilibrium-Applications
11 Bayesian games-Bayesian Nash equilibrium
12 Perfect Bayesian equilibrium
13 Signalling games and applications
14 Signalling games and applications
Practice Topics
Week Weekly Contents
Contribution to Overall Grade
  Number Contribution
Contribution of in-term studies to overall grade 1 50
Contribution of final exam to overall grade 1 50
Toplam 2 100
In-Term Studies
  Number Contribution
Assignments 6 0
Presentation 0 0
Midterm Examinations (including preparation) 1 50
Project 0 0
Laboratory 0 0
Other Applications 0 0
Quiz 0 0
Term Paper/ Project 0 0
Portfolio Study 0 0
Reports 0 0
Learning Diary 0 0
Thesis/ Project 0 0
Seminar 0 0
Other 0 0
Toplam 7 50
No Program Learning Outcomes Contribution
1 2 3 4 5
1 Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches X
2 Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields X
3 Show a sound understanding of current economic discussions and problems X
4 Have an effective and clear communication in written and oral formats in different public and professional contexts. X
5 Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history X
7 Demonstrate knowledge of standard quantitative techniques and empirical models used in economics X
8 Show ability to apply basic economic theory to an applied topic X
9 Show a basic understanding of analytical methods, both theory- and model-based X
10 Show ability to use economic concepts to discuss current economic issues X
11 Reason logically and work analytically X
12 Show awareness on social aspects of the economics in different applied and theoretical fields X
13 Identify appropriate economic models to analyse problems X
16 Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work X
17 Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy X
Activities Number Period Total Workload
Class Hours 14 3 42
Working Hours out of Class 14 2 28
Assignments 6 2 12
Presentation 0 0 0
Midterm Examinations (including preparation) 1 8 8
Project 0 0 0
Laboratory 0 0 0
Other Applications 0 0 0
Final Examinations (including preparation) 1 8 8
Quiz 0 0 0
Term Paper/ Project 0 0 0
Portfolio Study 0 0 0
Reports 0 0 0
Learning Diary 0 0 0
Thesis/ Project 0 0 0
Seminar 0 0 0
Other 0 0 0
Total Workload 98
Total Workload / 25 3,92
Credits ECTS 4
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