Game Theory and Business Strategy - ECON2112

Game theory is a structured way to think about strategic interactions and it is fundamental to the understanding of modern business strategy. This course introduces students to the basic tools of Game Theory and its applications to business choices. The course will cover normal form and extensive form games, games of perfect and imperfect/incomplete information, and will introduce equilibrium concepts such as Nash Equilibrium, Subgame-Perfect Equilibrium and Perfect Bayesian Equilibrium. We will also look at repeated games and the theory of reputation. The course will equip students with an understanding of the basic principles of strategic analysis, and enable them to apply the abstract theory to specific real-world problems.