EKO639 - GAME THEORY
| Course Name | Code | Semester | Theory (hours/week) |
Application (hours/week) |
Credit | ECTS |
|---|---|---|---|---|---|---|
| GAME THEORY | EKO639 | Any Semester/Year | 3 | 0 | 3 | 7.5 |
| Prequisites | None | |||||
| Course language | Turkish | |||||
| Course type | Elective | |||||
| Mode of Delivery | Face-to-Face | |||||
| Learning and teaching strategies | Lecture Drill and Practice | |||||
| Instructor (s) | Academic Staff | |||||
| Course objective | The main objective of the course is to understand the key features of the game theory and its applications. The course focuses on the crucial role of strategic behaviour in economics and provides different solution paths for different game theoretic problems (Nash equilibrium and sub game perfect equilibrium). | |||||
| Learning outcomes |
| |||||
| Course Content | Simultaneous move games: Normal form, dominant strategies and Nash equilibrium Sequentially move dynamic games: Subgame perfect Nash equilibrium Bayesian Nash Equilibrium Application of game theory (economics) | |||||
| References | Debreu, Gerard. A Theory of Value, New Haven: Yale University Press. (1959) Fudenberg, D and Tirole, J. Game Theory. Cambridge: MIT Press. (1992) Stokey, N. and Lucas, R. Recursive Methods in Economic Dynamics. Cambridge: MIT Press. (1989) | |||||
Course outline weekly
| Weeks | Topics |
|---|---|
| Week 1 | Game theory: Players, strategies and payoffs. |
| Week 2 | Simultaneous move games: Normal form, dominant strategies |
| Week 3 | Simultaneous move games and Nash equilibrium |
| Week 4 | Sequentially move dynamic games |
| Week 5 | Subgame perfect Nash equilibrium |
| Week 6 | Nash Equilibrium, Subgame perfect Nash equilibrium ve equilibrium with threat |
| Week 7 | Presentation on Nash Equilibrium |
| Week 8 | Midterm |
| Week 9 | Bayesian Nash Equilibrium |
| Week 10 | Game theory applications of the firm theory: output, prices and entry-exit to the market |
| Week 11 | Nash Equilibrium in the Cournot, Bertrand and Stackelberg models |
| Week 12 | Unemployment and strategic interaction |
| Week 13 | Presentation on application of game theory (economics) |
| Week 14 | Trade and game theory |
| Week 15 | Central bank, monetary policies and strategic behaviour |
| Week 16 | Final |
Assesment methods
| Course activities | Number | Percentage |
|---|---|---|
| Attendance | 0 | 0 |
| Laboratory | 0 | 0 |
| Application | 0 | 0 |
| Field activities | 0 | 0 |
| Specific practical training | 0 | 0 |
| Assignments | 0 | 0 |
| Presentation | 2 | 20 |
| Project | 0 | 0 |
| Seminar | 0 | 0 |
| Midterms | 1 | 20 |
| Final exam | 1 | 60 |
| Total | 100 | |
| Percentage of semester activities contributing grade succes | 3 | 40 |
| Percentage of final exam contributing grade succes | 1 | 60 |
| Total | 100 | |
WORKLOAD AND ECTS CALCULATION
| Activities | Number | Duration (hour) | Total Work Load |
|---|---|---|---|
| Course Duration (x14) | 14 | 3 | 42 |
| Laboratory | 0 | 0 | 0 |
| Application | 0 | 0 | 0 |
| Specific practical training | 0 | 0 | 0 |
| Field activities | 0 | 0 | 0 |
| Study Hours Out of Class (Preliminary work, reinforcement, ect) | 14 | 5 | 70 |
| Presentation / Seminar Preparation | 2 | 11 | 22 |
| Project | 1 | 25 | 25 |
| Homework assignment | 6 | 2 | 12 |
| Midterms (Study duration) | 1 | 18 | 18 |
| Final Exam (Study duration) | 1 | 36 | 36 |
| Total Workload | 39 | 100 | 225 |
Matrix Of The Course Learning Outcomes Versus Program Outcomes
| D.9. Key Learning Outcomes | Contrubition level* | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1. To develop and deepen the knowledge of economics to an expert level, building on the competencies of the undergraduate education. | X | ||||
| 2. To comprehend the interaction between related disciplines and economics. | X | ||||
| 3. To be able to apply the advanced level knowledge acquired in economics. | X | ||||
| 4. To create new knowledge by combining the knowledge of economics with the knowledge coming from other disciplines. | X | ||||
| 5. To be able to critically evaluate the knowledge in economics, to lead learning and carry out advanced level research independently. | X | ||||
| 6. To be able to develop new strategic approaches for unexpected, complicated situations in economics and take responsibility in solving them. | X | ||||
| 7. To possess the communication network to bring up the economic and social needs of the region of residence on the agenda. | X | ||||
| 8. To have sufficient social responsibility and awareness about the needs of society | X | ||||
| 9. To be able to think analytically to identify problems in economics and to be able to make policy recommendations in economics based on scientific analysis of issues and problems. | X | ||||
| 10. To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages. | X | ||||
| 11. To be able to use the skills of modeling, empirical analysis and formulating policy options that are developed for economics in interdisciplinary contexts. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest