Game Theory and Its Business Applications

3 units

This course provides an introduction to game theory and its applications in real life economic decisions. Students will learn fundamental game theory concepts, including(but not limited to) Nash equilibrium, subgame perfect Nash equilibrium, etc. Students will also be exposed to how game theory can be applied to a wide variety of economic decisions: pricing, rm's decision of entering or exiting a market, etc. The ultimate goal of this course is to develop students' rational and game-theoretic thinking. Prerequisites: High-school mathematics, Econ 1011 or the equivalent. 3 units.