EC325
Game Theory and Economics
0.5 Credit
Hours per week:
- Lecture/Discussion: 3
Many important economic problems can be represented by mathematical game models because each agent's welfare depends on other agent's choices as well as on his own. Examples include the firm's price and output decisions in oligopolistic markets and the "free rider" problem. This course introduces the student to game theoretic methods for analyzing both static and dynamic versions of such problems.
