Game Theory and Business Strategy

UNSW Sydney

Course Description

  • Course Name

    Game Theory and Business Strategy

  • Host University

    UNSW Sydney

  • Location

    Sydney, Australia

  • Area of Study

    Economics

  • Language Level

    Taught In English

  • Prerequisites

    ECON1101 ECON1202

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Game theory is a structured way to think about strategic interactions and it is fundamental to the understanding of modern business strategy. This course introduces students to the basic tools of Game Theory and its applications to business choices. The course will cover normal form and extensive form games, games of perfect and imperfect/incomplete information, and will introduce equilibrium concepts such as Nash Equilibrium, Subgame-Perfect Equilibrium and Perfect Bayesian Equilibrium. We will also look at repeated games and the theory of reputation. The course will equip students with an understanding of the basic principles of strategic analysis, and enable them to apply the abstract theory to specific real-world problems.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.