Game Theory
Programme: MA Economics, School of Social Sciences, Doon University,
Dehradun
Monsoon 2013
Course Teacher: Siba Sankar
Mohanty
Programme: MA Economics,
School of Social Sciences, Doon University, Dehradun
Course updates on the
personal blog of the course teacher: http://siba2010.blogspot.in
1. Course Overview
The purpose of this course is
to acquaint the readers with the philosophy of decision making and the
mathematical tool of game theory to help such decision making in situations
where multiple economic entities strategically interact with each other. Apart
from an overview to the theoretical approach towards decision making, this
course will also deal with the economic applications of these theoretical and
quantitative tools of analysis in non-cooperative solution paradigms. A
thorough ground in Microeconomics and logical analysis are some primary
requisites for this course
2. Evaluation
Mid Term Examination = 30%
Final Examination = 50 %
Class Performance and
Assignments =20%
3. Course Outline
Unit-1: Static Games of
Complete Information
Normal-Form Games and Nash Equilibrium., Representation of Games, Iterated
Elimination of Strictly Dominated Strategies,
Applications of Game Theory in Economic Decision Making- A Coumot Model
of Duopoly, Bertrand Model of Duopoly, Final-Offer Arbitration, The Problem of
the Commons, Advanced Theory: Mixed Strategies and Existence of Equilibrium
Assignment-1
and 2
Mid
Semester Examination (Last Week of September)
Unit-2: Dynamic Games of
Complete Information- Dynamic Games of Complete and Perfect Information
Theory: Backwards Induction, Stackelberg Model of Duopoly, Wages and Employment in a Unionized Firm, Sequential
Bargaining, Two-Stage Games of Complete but Imperfect Information, Theory:
Subgame Perfection , Bank Runs, Tariffs and Imperfect International
Competition, Tournaments, Repeated Games, Theory: Two-Stage Repeated Games, Theory:
Infinitely Repeated Games, Collusion between Coumot Duopolists, Efficiency
Wages, Time-Consistent Monetary Policy, Dynamic Games of Complete but Imperfect
Information- Extensive-Form Representation of Games, Subgame-Perfect Nash
Equilibrium
Assignment-3
and 4
End
Semester Examination (November)
Textbook I would follow for
this course
Robert Gibbons, Game Theory for Applied Economists, 1992
(It is preferable that students purchase a copy of this book although it will
also be available in the library)
You may
also find some other books interesting
Martin Osborne, An Introduction to Game Theory, 2004
Drew Fudenberg and Jean
Tirole, Game Theory, 1991
Roger Myerson, Game Theory, 1991
Martin Osborne and Ariel
Rubinstein, A Course in Game Theory,
1994
Barry Nalebuff and Avinash Dixit, Thinking Strategically, 1991
Bruce Wydick, Games in
Economic Development, 2007
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