Units of Study

ECOS3012 - Strategic Behaviour

Semester 1, 2014  |  Credit Points: 6

Coordinator: Abhijit Sengupta
Phone: +61 2 9351 6612
Email: abhijit.sengupta@sydney.edu.au

Description

To think and act strategically, one needs to evaluate the effect of one's actions on the actions of others. As most economic decisions are strategic, such as the decision to lower a price or introduce a new tax, economics, if it is to avoid simplistic models, requires a theoretical framework capable of illuminating strategic behaviour. This unit offers a comprehensive, critical introduction to the theory which purports, not only to satisfy this theoretical need, but also potentially to unify the social sciences: game theory. After examining important concepts of game theory, the unit investigates the repercussions for the theory of bargaining and for the evolution of social institutions.

Assessments

mid-semester test (35%), online quizzes (20%) and 2hr final exam (45%)

Classes

1x2-hr lecture/week, 1x1-hr tutorial/fortnight

Prerequisites

ECOS2001 or ECON2001 or ECOS2901 or ECON2901

Prohibitions

ECOS3901
ECON3012

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