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COURSE UNIT TITLECOURSE UNIT CODESEMESTERTHEORY + PRACTICE (Hour)ECTS
GAME THEORY ECON553 - 3 + 0 10

TYPE OF COURSE UNITElective Course
LEVEL OF COURSE UNITMaster's Degree With Thesis
YEAR OF STUDY-
SEMESTER-
NUMBER OF ECTS CREDITS ALLOCATED10
NAME OF LECTURER(S). Servıs Servıs
LEARNING OUTCOMES OF THE COURSE UNIT At the end of this course, the students;
1) become familiar with the use of game theory models used in economics. They understand nash equilibrium, subgame perfect equilibrium, bargaining, repeated games and dynamic competition, bayesian nash equilibrium, auctions and perfect bayesian equilibrium in economic problems.
2) become familiar with the game theoretic solution and analysis methods used in game theory models. They understand oligopoly, time-consistent macroeconomic policy, bargaining, auctions, and solution of similar game theoretic problems.
MODE OF DELIVERYFace to face
PRE-REQUISITES OF THE COURSENo
RECOMMENDED OPTIONAL PROGRAMME COMPONENTNone
COURSE DEFINITIONThis course mainly introduces the students graduate level game theory and strategic thinking. Subjects such as dominance, backward induction, Nash equilibrium, commitment, credibility, asymmetric information, and reputation are discussed. Beside, these issues are applied to games in the classroom experiments. During the course main examples are drawn particularly from economics, but also politics, and everyday life.
COURSE CONTENTS
WEEKTOPICS
1st Week Introduction to Game Theory
2nd Week Static games of complete information and Nash equilibrium
3rd Week Static games of complete information: Applications
4th Week Mixed Strategies
5th Week Dynamic games of complete and perfect information
6th Week Repeated games
7th Week Dynamic games of complete but imperfect information
8th Week Mid-Term
9th Week Static games of incomplete information: Bayesian Nash Equilibrium
10th Week Static games of incomplete information: Applications
11th Week Dynamic games of incomplete information: Perfect Bayesian Nash equilibrium
12th Week Signaling games
13th Week Dynamic games of incomplete information: Other applications
14th Week Behavioral game theory
RECOMENDED OR REQUIRED READINGRobert Gibbons, Game Theory for Applied Economists, 1992.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODSLecture,Discussion,Problem Solving
ASSESSMENT METHODS AND CRITERIA
 QuantityPercentage(%)
Mid-term140
Assignment110
Total(%)50
Contribution of In-term Studies to Overall Grade(%)50
Contribution of Final Examination to Overall Grade(%)50
Total(%)100
ECTS WORKLOAD
Activities Number Hours Workload
Midterm exam122
Preparation for Quiz
Individual or group work14570
Preparation for Final exam17070
Course hours14342
Preparation for Midterm exam16060
Laboratory (including preparation)
Final exam122
Homework15555
Total Workload301
Total Workload / 3010,03
ECTS Credits of the Course10
LANGUAGE OF INSTRUCTIONTurkish
WORK PLACEMENT(S)No
  

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