BPE_ZATH Introduction to Game Theory

Faculty of Economics and Administration
Spring 2024
Extent and Intensity
2/2/0. 8 credit(s). Type of Completion: zk (examination).
Teacher(s)
doc. Ing. Rostislav Staněk, Ph.D. (lecturer)
Ing. Michal Kvasnička, Ph.D. (lecturer)
Ing. Bc. Michaela Kecskésová (seminar tutor)
Guaranteed by
doc. Ing. Rostislav Staněk, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Mgr. Jarmila Šveňhová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Tue 8:00–9:50 P303, except Tue 2. 4.
  • Timetable of Seminar Groups:
BPE_ZATH/01: Tue 10:00–11:50 P102, except Tue 2. 4., M. Kecskésová
BPE_ZATH/02: Wed 14:00–15:50 P302a, except Wed 3. 4., M. Kecskésová
BPE_ZATH/03: Tue 12:00–13:50 S313, except Tue 2. 4., M. Kecskésová
BPE_ZATH/04: Thu 8:00–9:50 S301, except Thu 4. 4., R. Staněk
Prerequisites (in Czech)
BPE_MIE1 Microeconomics 1 || BPE_MIC1 Microeconomics 1
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
Students will learn basic principles of game theory in the course. They will get acquainted with the concept of Nash equilibrium and they will learn to find the equilibrium in strategic games, extensive games, games with incomplete information and repeated games. Students will understand how is game theory applied when analyzing oligopolistic markets, auctions, elections, providing of public goods, etc. At the end of the course students should be familiar with basic methods of game theory and should be able to employ them when explaining economic phenomenons. Students should be able to create simple model of a given situation and find its equilibrium.
Learning outcomes
At the end of the course students will be familiar with basic game theory analytical toolbox and will be able to employ the toolbox when explaining economic phenomenons. Students will be able to create simple model of a given situation and find its equilibrium.
Syllabus
  • 1. Strategic games a Nash equilibrium
  • 2. Strategic games: economic ilustrations
  • 3. Mixed strategies
  • 4. Mixed strategies: economic ilustrations
  • 5. Extensive games
  • 6. Extensive games: subgame perfect equilibrium and backward induction
  • 7. Extensive games: uncertainty and simulataneous moves
  • 8. Games with imperfect information: bayesian games
  • 9. Games with imperfect information: economic ilustrations of bayesian games
  • 10. Games with imperfect information:extensive games
  • 11. Games with imperfect information: signaling
  • 12. Repeated games
  • 13. Repeated games: economic ilustrations
Literature
    required literature
  • OSBORNE, Martin J. An introduction to game theory. New York, N.Y.: Oxford University Press, 2004, xvii, 533. ISBN 9780195128956. info
    recommended literature
  • VEGA-REDONDO, Fernando. Economics and the theory of games. 1st ed. Cambridge: Cambridge University Press, 2003, xii, 512. ISBN 0521775906. info
Teaching methods
The course has a form of a lecture and a seminar. Lectures are based on economic illustrations of game theory. Students are supposed to solve extensions of these illustrations on seminars. It is possible to take the course while studying abroad on an exchange program (e.g. Erasmus). Homeworks can be written during the semester and the final test can be written after returning from the stay abroad. Please contact the teacher before you leave for the exchange program.
Assessment methods
The course is completed by wrtitten exam. Total grade will be composed from homeworks(30%), mid-term exam (20%) and final exam (50%). A necessary condition for the completion of the course is to reach at least 50% score from the sum of homeworks, midterm and final exam.
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
Credit evaluation note: k = 1,5.
The course is also listed under the following terms Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021, Spring 2022, Spring 2023, Spring 2025.
  • Enrolment Statistics (Spring 2024, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2024/BPE_ZATH