ECO3032 : Game Theory
- Offered for Year: 2024/25
- Module Leader(s): Dr Francis Kiraly
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Aims
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. Games in normal form
2. Games in extensive form
3. Games with incomplete information
4. Repeated games
5. Bargaining
6. Games in coalitional form
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 30:00 | 30:00 | N/A |
| Scheduled Learning And Teaching Activities | Lecture | 15 | 1:00 | 15:00 | PIP lectures |
| Guided Independent Study | Directed research and reading | 1 | 33:00 | 33:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PIP seminars |
| Guided Independent Study | Independent study | 1 | 19:00 | 19:00 | N/A |
| Total | 100:00 |
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
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 120 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 2 | M | Exercise Sets, followed by group feedback. |
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.
Learning outcomes can only be assessed through a problem-based analytical/formal written exam.
Alternative assessment for Study Abroad students: 2 hour unseen written exam.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- ECO3032's Timetable