COURSE UNIT TITLE

Offered By

Economics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR YEŞIM RABIA KUŞTEPELI

Offered to

Economics (English)

Course Objective

This class introduces the principles of noncooperative game theory, including strategic form games, Nash equilibria, extensive form games, subgame perfection, repeated games, and games of incomplete information. The analytic material is accompanied by many applications, examples and exercises. Although game theory has been applied to many fields, focus is given to the kinds of game theory that have been most useful in the study of economic problems, including some applications to political science.

Learning Outcomes of the Course Unit

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 1001 - ECONOMICS I
ECO 1002 - ECONOMICS II

Recomended Optional Programme Components

None

Course Contents

Recomended or Required Reading

1. H. Scott Bierman and Luis Fernandez, Game Theory with Economic Applications, Addison- Wesley, Second Edition 1998.

Planned Learning Activities and Teaching Methods

1. Lecture
2. In-class discussion
3. Presentations
Each student will present a news item or paper on a subject (e.g. prisoners dilemma) chosen from the subject list provided by the insrtuctor in the second week of the class.

Assessment Methods

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts used in non-cooperative game theory.
2. The learner will use necessary game theoric concepts to explain strategic decision making in static and dynamic games.
3. The learner will use necessary numerical and mathematical methods to find the best responses of players in the game.
4. The learner will elaborate about the outcome (Nash equilibrium) of a game.
5. The learner will make research about and present a news item in which game theoric terminology or decision making is used.

Finding news on the given topic: Find a news on the game theory-related topic given to you (30 points)
The news is not related to the topic/no news found Poor (0%)
The news has little to do with the topic. Fair (40%)
The news is moderately relevant to the topic Good (60%)
The news is well related to the topic. - Very good (80%)
The news is exactly on topic Excellent (100%)

Explaining the news well: Explain the relationship between the news you found and the given topic (30 points)
News not well explained/no news found Poor (0%)
The news was poorly explained. Fair (40%)
The news is moderately disclosed. Good (60%)
The news is well explained - Very well (80%)
The news is explained very well. - Excellent (100%)

Preparing the presentation: Prepare a presentation explaining the news you found and its relevance to the subject. (20 points)
Presentation not well prepared - Poor (0%)
Presentation poorly prepared Fair (40%)
The presentation is moderately prepared Good (60%)
The presentation is well prepared. - Very good (80%)
The presentation is very well prepared Excellent (100%)

Presenting without reading: give your presentation without reading from notes or slides (20 points)
The presentation was made entirely by reading from the notes -- Poor (0%)
Presentation was made by reading from notes and slides Fair (40%)
Less than half of the presentation was done by reading. Good (60%)
Less than 20% of the presentation was done by reading. - Very good (80%)
Your presentation was made without reading notes or slides Excellent (100%)

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action

Contact Details for the Lecturer(s)

Tel: 3018210
e-mail: yesim.kustepeli@deu.edu.tr

Office Hours

13:00-15:00 Tuesdays and by appointment

Work Placement(s)

None

Workload Calculation

Contribution of Learning Outcomes to Programme Outcomes