Game theory is a popular subject and became a powerful tool for analyzing strategic interactions between players or decision making units. Players are decision making units, e.g. individuals, firms, workers, managers, countries etc.Game theory describes strategic decision making processes. It analyzes situations in which players interact, and suggests strategies and solutions that are based on profit or utility maximizing concepts.Game theory is widely applied in management and social sciences, i.e., economics, political science, marketing, psychology etc.
Period
03-07-2013 - 24-07-2013 (3 weeks)
Target group
Master students
Course aim
This course is a rather Applied Game Theory course and will concentrate on introducing the basic concepts and applies those concepts to economics and business applications. The course is will introduce the basic concepts of game theory and introduce several methods to solving interactive decision problems. The concepts will be applied to economics and business relevant applications, that relate to Firm Behavior in Markets and different types of Market Structures. Therefore, the game theoretic decision making concepts will be applied to topics such as: Entry, R&D patent races, Mergers, Cartel, Collusion, Advertisement, Auctions, Dynamic games, New Product Introduction.
Credits
5.0 ECTS credits
Course fee
EUR 0: Students on a bilateral exchange programme do not have to pay. Freemovers are obliged to pay participation fees while tuition fees only apply to freemovers from countries outside the EU/EEA/Switzerland.
Course leader
Ralph Siebert
Aarhus University International Centre
Address: Hoeg Guldbergs Gade 4, building 1650 Aarhus C
Postal code: 8000
City: Aarhus
Country: Denmark
Website: http://www.au.dk/summeruniversity
E-mail: SummerUniversity@adm.au.dk
Phone: +45 8942 2320
Game Theory
label
Diverse
calendar_month
2013-01-28, 00:00
autorenew
2025-09-29, 17:00
history_edu
Maria Dumitru
