NRE 5030

NRE 5030

Course information provided by the Courses of Study 2023-2024.

This course teaches the fundamentals of non-cooperative game theory and classic applications used in applied work in economics and related fields such as finance, marketing, operations, and accounting. The course begins with a brief primer on non-cooperative game theory that covers pure versus mixed strategies, Nash equilibrium, and various equilibrium refinements. Coverage then turns to basic frameworks that utilize game theory to model a wide range of settings in economics and related fields. These include agency analysis, classic asymmetric information models such as adverse selection and signaling, time inconsistency, and repeated games and reputation.

When Offered Spring.

Outcomes
  • Students will be able to read and interpret applied game theory models that appear in the economics literature.
  • Students will be able to construct and solve game theory models that frequently appear in applied theory papers and empirical papers.
  • Students will be able to explain basic economic concepts such as signaling, adverse selection, time inconsistency, competitive equilibrium, etc.

View Enrollment Information

Syllabi:
  •   Regular Academic Session.  Combined with: AEM 7020ECON 6115

  • 3 Credits Opt NoAud

  •  8500 NRE 5030   LEC 001

    • TR Warren Hall 101
    • Jan 22 - May 7, 2024
    • Waldman, M

  • Instruction Mode: In Person
    Enrollment limited to: Graduate students. Add/Drop dates: January 16th – February 5th Deadline to drop February 5th at 11:59pm. Permission from faculty required to add/drop after February 5th. A late fee of $100.00 will be charged after February 5th. Deadline to drop without “W” March 18th is after this date, "W" grade on your transcript in addition to the late fees.