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ECO3032 : Game Theory

  • Offered for Year: 2019/20
  • Module Leader(s): Dr Francis Kiraly
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus
Semester 2 Credit Value: 10
ECTS Credits: 5.0


Game theory constitutes one of the main approaches used in economic theory. As a method of scientific analysis, it formalises situations of social interaction and strategic behaviour, and offers explanations for various outcomes in terms of equilibrium inter-dependent decisions. The module offers an in-depth analysis of various game theoretical models and provides further applications of game theory in economics.

Outline Of Syllabus

1.       Coalitional games
2.       Cooperative bargaining
3.       Strategic games in normal form
4.       Strategic games in extensive form
5.       Repeated games
6.       Strategic bargaining
7.       Information

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture72:0014:00N/A
Scheduled Learning And Teaching ActivitiesLecture11:001:00N/A
Guided Independent StudyAssessment preparation and completion125:0025:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Scheduled Learning And Teaching ActivitiesSmall group teaching31:003:00N/A
Guided Independent StudyIndependent study132:0032:00N/A
Teaching Rationale And Relationship

1.       Lectures provide an in-depth presentation of game theoretical models.
2.       Seminars take students through economic applications of game theory and provide solutions to problem sets.
3.       Independent study involves preparing problem sets and additional reading material.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Description Length Semester When Set Percentage Comment
Written Examination1202A100Unseen exam
Formative Assessments
Description Semester When Set Comment
Prob solv exercises2MProblem Solving (Written) Exercises handed in by students before Seminars, followed by group feedback in class.
Written exercise2MIndividual feedback on answers to past exam papers.
Assessment Rationale And Relationship

The examination is designed to test the students’ ability to formalise and analyse game theoretical models of strategic interaction, as well as their ability to apply the methods of game theory to applications in economics.

Reading Lists