Master’s degree in Economics and Data Analysis

Game theory with economic applications

Course code
4S008978
Name of lecturer
Francesco De Sinopoli
Coordinator
Francesco De Sinopoli
Number of ECTS credits allocated
9
Academic sector
SECS-P/01 - ECONOMICS
Language of instruction
English
Site
VERONA
Period
secondo semestre (lauree magistrali) dal Mar 1, 2021 al Jun 1, 2021.

Lesson timetable

Go to lesson schedule

Learning outcomes

The goal of the course is to give students a solid background in Game Theory. Game theory provides a structured way to study strategic interactions and can be used to better understand business strategy, contracts, auctions, voting systems, crime, bargaining, and virtually any social interaction one can think of. At the end of the course students should be able to critically read and understand models proposed by economists to describe the above social interactions. Furthermore, students should be able to describe such social interactions as games.

Syllabus

Normal Form Games.
-Nash Equilibrium.
-Iterated Dominance.
-Incomplete Information.
-Trembling-Hand Perfection.

Extensive Form Games.
-Backward Induction.
-Subgame Perfection.
-Sequential Equilibrium and Extensive Form Perfection.
-Beliefs-based Refinements.
-Signaling Games.
-Repeated Games.

Applications with presentations of topics chosen by students.

Reference books
Author Title Publisher Year ISBN Note
A. Mas-colell, M. Whinston, J.Green Microeconomic Theory  
van Damme stability and perfection of nash equilibria 1996

Assessment methods and criteria

This course will be assessed with class presentations and a examination which spans all over the program and aims to test the understanding of the main concepts introduced. In the grading process, more enphasis will be given to the reasonings than to the exact calculations.
Students may obtain extra points throught lectures by active participation.



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