Games and Strategies (ECON 201)

2020 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Yusuf Emre Akgündüz emre.akgunduz@sabanciuniv.edu, Özgür Kıbrıs ozgur.kibris@sabanciuniv.edu,
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English
Undergraduate
--
Formal lecture,Recitation
Interactive,Learner centered,Communicative
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CONTENT

Examples and formulation of games, solution concepts: games with sequential moves, backward induction, games with simultaneous moves in normal form, Nash equilibrium, mixed strategies, subgame perfect equilibrium; prisoners' dilemma games, games with strategic moves, games with asymmetric games, games with strategic moves, games with asymmetric information, collective-action games, evolutionary games, voting, bargaining, bidding concepts of game theory. Applications to law, government, politics, diplomacy, business, management and economic behaviour. information, collective-action games, evolutionary games, voting, bargaining, bidding.

OBJECTIVE

i) Show a systematic way of analyzing strategic situations in which the well being of individuals depends not only on what they do but also on what other individuals do, ii) Introduce students with the basic concepts and results of noncooperative game theory.

LEARNING OUTCOME

On completion of the module, students should be able to:
i) use game theory concepts correctly,
ii) construct simple models involving strategic interaction,
iii) relate real-life situations to the formal games seen in class,
iv) propose simple modifications in the rules of a game to achieve desirable social outcomes.

PROGRAMME OUTCOMES


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 4

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects. 5

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 5

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 4


1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 4

3. Know how to access and evaluate data from various sources of information. 4


1. Possess sufficient knowledge of mathematics, science and program-specific engineering topics; use theoretical and applied knowledge of these areas in complex engineering problems. 2

2. Identify, define, formulate and solve complex engineering problems; choose and apply suitable analysis and modeling methods for this purpose. 1

3. Develop, choose and use modern techniques and tools that are needed for analysis and solution of complex problems faced in engineering applications; possess knowledge of standards used in engineering applications; use information technologies effectively. 2

4. Ability to design a complex system, process, instrument or a product under realistic constraints and conditions, with the goal of fulfilling specified needs; apply modern design techniques for this purpose. 3

5. Design and conduct experiments, collect data, analyze and interpret the results to investigate complex engineering problems or program-specific research areas. 1

6. Knowledge of business practices such as project management, risk management and change management; awareness on innovation; knowledge of sustainable development. 2

7. Knowledge of impact of engineering solutions in a global, economic, environmental, health and societal context; knowledge of contemporary issues; awareness on legal outcomes of engineering solutions; understanding of professional and ethical responsibility. 1


1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 4

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 5

3. Recognize how incentives shape the behavior of individuals and organizations. 5

4. Identify ?economic? problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 5


1. Analyze global affairs from international relations and economics perspectives. 5

2. Demonstrate theoretical and practical knowledge of the international affairs. 2

3. Compete for increasing opportunities in careers within the newly emerging global institutions. 3

4. Evaluate the international political events and present their views and positions on international affairs with advanced oral and written skills. 3


1. Design, implement, test, and evaluate a computer system, component, or algorithm to meet desired needs and to solve a computational problem. 1

2. Demonstrate knowledge of discrete mathematics and data structures. 1

3. Demonstrate knowledge of probability and statistics, including applications appropriate to computer science and engineering. 3

RECOMENDED or REQUIRED READINGS

Textbook

Games of Strategy by Dixit and Skeath (second edition)