Strategic Behaviour (ECOS3012)
UNIT OF STUDY
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.
Further unit of study information
1x2hr lecture/week, 1x1hr tutorial/fortnight
Mid-semester test (35%), online quizzes (20%) and 2hr Final exam (45%)
Faculty/department permission required?
Unit of study rules
Prerequisites and assumed knowledge
ECOS2001 or ECON2001 or ECOS2901 or ECON2901
ECON3012 or ECOS3901
Study this unit outside a degree
If you wish to undertake one or more units of study (subjects) for your own interest but not towards a degree, you may enrol in single units as a non-award student.
If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.