Postgraduate Programme and Module Handbook 2024-2025
Module ECON44115: GAME THEORY
Department: Economics
ECON44115: GAME THEORY
| Type | Tied | Level | 4 | Credits | 15 | Availability | Available in 2024/2025 | Module Cap |
|---|
| Tied to | L1T109 |
|---|---|
| Tied to | L1T409 |
| Tied to | L1T609 |
Prerequisites
- None
Corequisites
- None
Excluded Combination of Modules
- None
Aims
- To provide students with the advanced knowledge and analytical skills associated with game theory and its economic applications.
Content
- The module covers game theory and its economic applications. Topics may include:
- Nash equilibrium and refinements
- Games of perfect and incomplete information
- Auctions
- Bargaining
- Mechanism Design
- Dynamic Games
- Differential games
- Cooperative game theory
Learning Outcomes
Subject-specific Knowledge:
- be able to interpret scholarly literature at the frontier of research in game theory;
- have explored, understood and appreciated the complexity and contradictions of the current relevant academic literature and be able to identify open questions for their own research in game theory.
Subject-specific Skills:
- be able to apply their knowledge of game theory to the resolution of complex practical problems;
- be able to offer policy recommendations for the private and public sectors, at local, national and international level, informed by the knowledge of game theory acquired in the module.
Key Skills:
- Written Communication;
- Planning, Organising and Time Management;
- Problem Solving and analysis;
- Using Initiative;
- Numeracy;
- Computer Literacy.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- A combination of lectures, seminars and guided reading will contribute to achieving the aims and learning outcomes of this module. The seminars will train the students to solve analytical problems in game theory, identify and critically discuss its economic applications as well as giving students opportunity to identify research questions.
- The topics and techniques covered in the module lend themselves to multiple forms of assessment. This makes it possible to develop and test appropriately different subject specific knowledge and skills and key skills.
- The written examination will primarily test students knowledge and critical understanding of the material covered in the module in addition to their analytical and problem-solving skills.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 10 | 1 per week | 2 hour | 20 | |
| Revision Session | 1 | 2 hour | 2 | ||
| Seminars | 4 | Fortnightly | 1 hour | 4 | ■ |
| Preparation & Reading | 124 | ||||
| Total | 150 |
Summative Assessment
| Component: Exam | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One in-person written examination | 2 hours | 100% | Same |
Formative Assessment:
One formative assessment to prepare students for the summative exam.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University