Course Page

Game Theory for Economists

Course Number:

73347


Faculty

Isa Hafalir, isaemin@cmu.edu


Program

Undergraduate Economics


Concentrations

B.A. in Economics, B.S. in Economics, B.S. in Economics and Statistics, B.S. in Economics and Mathematical Sciences, Additional Major in Economics, Additional Major in Economics and Statistics, Minor in Economics


Course Description

An introduction to the theory of non-cooperative games with an emphasis on economic applications. After an initial examination of two-person, zero-sum games, the notion of a Nash equilibrium in an n-person, non-cooperative game is considered. Existence of and refinements to the equilibrium concept are discussed in the context of both normal and extensive form games. Economic applications may include various topics, including Cournot and Bertrand oligopoly models, general competitive exchange equilibrium, and free rider problems. Minimum grade standard of "C" applies only to economics courses.

Format

Lecture: 160min/wk


Textbook

R. Gibbons, "Game Theory for Applied Economists", Princeton, 1992.


Pre-requisites

(21120 OR 21256) AND (73100) AND (73230)