This course uses game theory to understand the economic, social, and political decisions of agents such as individuals, consumers, firms, and governments when they interact with one another. In this course, students will develop the tools to model and evaluate the strategic choices of individuals and groups in both competitive and cooperative settings. Key game-theoretic concepts, including Nash equilibrium, subgame perfection, and repeated games, will be explored, providing a strong foundation for understanding how strategic decisions shape outcomes across various real-world scenarios. This course uses Calculus.
Learning Outcomes
1Model strategic interactions between agents, such as individuals, firms, or governments, as a game.
2Describe behavior in games using strategies.
3Apply solution concepts to identify and analyze the equilibria of various games.
4Predict and interpret behavior across different types of games, including competitive and cooperative settings.
5Analyze the role of uncertainty in strategic decision-making and evaluate its impact on outcomes and decision strategies.
Course ECON 451 from Purdue University - West Lafayette.
