The objective is to learn basic game theoretic concepts and their applications in economics. After the course students are able to read and understand research papers in which game theoretic tools are applied.
Introduction to most common game theoretic models, solution concepts, and applications. Different ways to model strategic interaction and interdependence are discussed: normal form games and models of cooperative game theory. Solution concepts such as Nash equilibrium and the core are introduced.
- Teacher: Hannu Salonen