ECON 201

Course Code & Number

ECON 201

Course Title

Games and Strategy

Level

BS

Credit Hours/ ECTS Credits

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Year of Study:

Sophomore

Semester:

Fall

Type of Course:

Compulsory

Mode of Delivery:

Face-to-face

Language of Instruction:

English

Pre-requisite / Co-requisite::

Catalog Description

Terminology and basic definitions of game theory. Formulation of games. Solution concepts. Nash equilibrium. Mixed strategies. Prisoners' dilemma games. Games with strategic moves. Games with asymmetric information. Applications to law, government, politics, diplomacy, business, management and economic behavior.

Course Objectives

The main objective of this course is to introduce some of the game theory’s main topics and analytic tools, with an emphasis on gaining a practical understanding. The course will help students to apply games and strategies to various areas such as law, government, politics, diplomacy, business, management and economic behavior.

Course Learning Outcomes

Upon succesful completion of this course, a student will be able to
1. Describe different types of games and the main concepts of game theory. 
2. Solve static and dynamic games and strategies under perfect and imperfect information. 
3. Formalize a strategic situation as a well-defined game. 
4. Apply games and strategies to different areas such as law, economic behavior, politics and business. 
5. Differentiate games with perfect and imperfect information
6. Appraise theoretical predictions obtained from Game Theory analyses against real world conflicts. 
7. Identify Nash Equilibria in various everyday settings. 

Recommended Reading

1. Dixit. A.K., Reiley. D.H. Jr. and S. Skeath, Games of Strategy. 3rd Edition, W.W.Norton&Company, New 2. Osborne. M. and A. Rubinstein, A Course in Game Theory. The MIT Press, London, 1994.