Game Theory (ECON424) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Game Theory ECON424 Elective Courses 3 0 0 3 6
Pre-requisite Course(s)
Course Language English
Course Type Elective Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. Tolga Omay
Course Assistants
Course Objectives 1. To study the strategic behavior among parties having opposed, mixed or similar interests. 2. To endow how to recognize and model strategic situations 3. To make students to learn to set up the games and to solve the games
Course Learning Outcomes The students who succeeded in this course;
  • To provide sufficient knowledge of game theory to understand strategic interactions among people or organizations in order to maximize their own payoffs
  • To model and solve the games
Course Content Elements of a game, sequential moves, simultaneous moves, combining simultaneous and sequential moves, mixed strategies.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Presentation of the course, Introduction and General Principles Dixit and Skeath, pp. 3-14
2 How to Think about Strategic Games Dixit and Skeath, pp. 17-38
3 Sequential Moves, I Dixit and Skeath, pp. 45-60
4 Sequential Moves, II Dixit and Skeath, pp. 60-72.
5 Simultaneous Moves, Discrete Strategies I Dixit and Skeath, pp. 83-100.
6 Simultaneous Moves, Discrete Strategies II Dixit and Skeath, pp. 100-113
7 Simultaneous Moves, Continuous Strategies I Dixit and Skeath, pp. 123-135.
8 Simultaneous Moves, Continuous Strategies II Dixit and Skeath, pp. 135-151
9 Midterm
10 Combining simultaneous and sequential moves Dixit and Skeath, pp. 156-176
11 Mixed strategies, Zero-Sum Games I Dixit and Skeath, pp. 185-200.
12 Mixed strategies, Zero-Sum Games II Dixit and Skeath, ss. 200-216.
13 Mixed strategies, Non-Zero-Sum Games I Dixit and Skeath pp. 233-244
14 Mixed strategies, Non-Zero-Sum Games II Dixit and Skeath pp. 244-257
15 Repeated Games Dixit and Skeath, pp. 345-372
16 Final Exam


Course Book 1. Microeconomic Theory: An Integrated Approach; Stephen Mathis and Janet Koscianski; Prentice Hall; New Jersey; 2002.
Other Sources 2. Microeconomic Theory: Basic Principles and Extensions, Walter Nicholson , 9th Edition, Thomson Learning, Australia et. al.,2004.
3. Intermediate Microeconomics, Hal R. Varian, 5th Edition, W. W. Norton  Company, New York and London, 2005.

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation 1 10
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments - -
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 35
Final Exam/Final Jury 1 50
Toplam 3 95
Percentage of Semester Work 50
Percentage of Final Work 50
Total 100

Course Category

Core Courses
Major Area Courses X
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics
2 Acquiring the skills of macro level economic analysis
3 Acquiring the skills of micro level economic analysis
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level
5 Learning different approaches on economic and related issues
6 Acquiring the quantitative and/or qualitative techniques in economic analysis
7 Improving the ability to use the modern software, hardware and/or technological devices
8 Developing intra-disciplinary and inter-disciplinary team work skills
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning
10 Adopting work ethic and social responsibility
11 Developing the skills of communication.
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs.

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Special Course Internship
Field Work
Study Hours Out of Class 16 6 96
Presentation/Seminar Prepration
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 2 2
Prepration of Final Exams/Final Jury 1 2 2
Total Workload 148