Economics of Strategy - ECON5111

Faculty: UNSW Business School

School: School of Economics

Course Outline: ECON5111 Course Outline

Campus: Sydney

Career: Postgraduate

Units of Credit: 6

EFTSL: 0.12500 (more info)

Indicative Contact Hours per Week: 0

Enrolment Requirements:

Prerequisite: COMM5002 or ECON5103

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

Further Information: See Class Timetable

Description

This course covers the fundamentals of Game Theory and its applications. Game Theory is a revolutionary way of analysing strategic interactive situations. It is basic to the understanding of market competition among large firms, the designing of incentive contracts, bidding at auctions, bargaining, and other similar problems central to economics and business. This course covers simultaneous and sequential games and their solution concepts, games of imperfect information, repeated games, and a selection of applications and case studies.