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Apr 20, 2024
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ECON 129 CM - Game Theory
Introduction to economics decision-making in strategic interdependent settings where the outcome of your actions depends also on the actions of others. This course will introduce and develop various concepts, including: Strategies, Payoffs, Players, Rationality and various concepts of Equilibrium which will help us analyze strategic behavior by individuals and firms. These concepts will be illustrated using a variety of economic models from industrial organization such as: oligopoly, bankruptcy law, takeover deterrents, collusion in the stock market, patent races, auctions, bargaining and models of asymmetric information such as principal-agent and the “lemon” problem. We will analyze famous games like the prisoner’s dilemma, the battle of the sexes, and the voting decision.
Prerequisite(s): Economics 101 and 120 or equivalent
Please refer to the course schedule on the Scripps Portal for current course offerings and details.
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