Bachelor
2026/2027
Game Theory
ID 1135600
Type:
Compulsory course (International Programme in Business and Economics)
Delivered by:
Department of Economics
When:
2 year, 2, 3 module
Open to:
students of one campus
Language:
English
ECTS credits:
5
Contact hours:
64
Course Syllabus
Abstract
The aim of this course is to familiarize students with the theoretical apparatus and practical methods of application of game theory to economics and social sciences. The theoretical grounds of game theoretical models will be also discussed, such as the idea of rational agent. Also the strategic behavior in the conditions of incomplete information will be studied, as well as evolutionary models and their applications to biology, economics and social sciences.
Learning Objectives
- As a result of learning, students will know: • conceptual apparatus of game theory and decision theory; • different classes of games (cooperative games, non-cooperative games in normal and extensive form, games with imperfect information); • how to find: Pareto and Core solutions, Nash equilibrium, Subgame-Perfect Nash Equilibrium, evolutionary stable equilibrium. Students will be able to: • solve basic game-theoretical problems; • construct simple game-theoretical models applied to economics and social sciences.
Expected Learning Outcomes
- Demonstrate an in-depth knowledge and critical understanding of main concepts of game theory and methods of its applications to social and behavioral sciences
- Solve simple problems in games in normal and extensive form, such as finding Pareto, Nash equilibria and using backward induction
Course Contents
- Introduction, Pareto-optimum and Core
- Static Games: Normal Form, MaxMin, Iterated non-dominaed Solution, Nash Equilibrium
- Static Games: Mixed Nash Equilibrium, Evolutionary Stable Nash Equilibrium
- Static Games: Nash Equilibrium in continuous games: Cournot oligopoly, Bertrand oligopoly
- Dynamic Games with perfect information: Game tree, Subgame-Perfect Nash Equilibrium
- Several applications of game theory: Hotelling-Downs political competition, Hawks-and-Doves model of social norms, Altruists-and-egoists, Signaling games
- Dynamic Games with imperfect information: Iformation sets, Subgame-Perfect Nash Equilibrium
Interim Assessment
- 2026/2027 3rd module0.1 * Test1 + 0.4 * Exam + 0.2 * In-class activity + 0.1 * Test2
