Eligibility :
- Anyone from any economics background can join the same
- Any professional from an economics background can join the same
Syllabus of Program :
- Introduction to game theory
- Strategic game and Nash equilibrium
- Strategic games
- Nash equilibrium
- Best response function
- Strictly and weakly dominated action
- Cournot model of oligopoly
- Cournot and Bertrand model
- Auctions
- Mixed strategy Nash equilibrium
- Mixed strategy Nash equilibrium: concepts and examples
- Dominated activities and Iterated Elimination
- Extensive game and Nash equilibrium
- Extensive game: introduction
- Subgame perfect Nash equilibrium
- Backward induction
- Stackelberg Duopoly model
Learning Outcomes:
- Students will be able to understand the basics of game theory
- Students will be able to understand the popular theories in game theory
- Students will be able to understand the strategic considerations to be taken into account while making choices
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