Game Theory (ECON424) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Game Theory ECON424 Area Elective 3 0 0 3 6
Pre-requisite Course(s)
N/A
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

Sources

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 X
Major Area Courses
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 Gains the ability to use knowledge by acquiring conceptual and practical understanding of all core functions of business.
2 Identifies problems related to the field of business and effectively uses scientific approaches in problem-solving and decision-making processes.
3 Demonstrates and analyzes the environmental, social, global impacts and legal consequences of practices related to core business functions.
4 Analyzes information and reports relevant to businesses at national, regional, and global levels, and sets strategic goals based on the results obtained.
5 Gains the ability to use, report, and interpret Business Information Systems and their sub-modules required for business management.
6 Plans the necessary activities such as taking risks, securing resources, conducting market analysis, and preparing business plans for starting a new venture and ensuring its sustainability with innovative and creative thinking, and applies the acquired knowledge accordingly.
7 Supports oneself and the organization in terms of innovation and continuous improvement, while being aware that the process of research and learning is lifelong and following scientific and technological developments related to business.
8 Acquires the necessary leadership and managerial skills to achieve business objectives effectively and efficiently.
9 Conducts scientific research in the field of business and reports the research findings to be used in managerial decision-making processes.
10 Uses effective verbal, written, and visual communication methods to convey information related to the field of business in the language of instruction and professional English.
11 Develops awareness of professional ethics, environmental sensitivity, sustainability, social responsibility, and cultural, societal, and universal values.
12 Takes initiative in working effectively with different disciplines or multicultural teams, assuming responsibility, conducting risk analysis, adapting to change, and applying critical thinking and problem-solving skills
13 .

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 6 96
Presentation/Seminar Prepration
Project
Report
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