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Fall 2021

Economics Courses:

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ECO290 - Strategic Decision Making: An Introduction to Game Theory

Credits: 3

Catalog Description: Introduces game theory and strategic thinking. Examines dominance, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection, and signaling and applies these concepts to games played in class and to examples drawn from economics, politics, the movies, and elsewhere. It is recommended that the college's reading and math requirements have been met.

Lecture: 3 hrs.

Course Learning Outcomes (CLOs):
Upon the successful completion of this course, a student will be able to:
1. Explain the concept of strategic games.
2. Differentiate Nash equilibrium, Pareto optimality, and backward induction.
3. Analyze rational decision making.
4. Troubleshoot the effect risk has strategy.
5. Solve simultaneous strategic games.
6. Solve sequential strategic games.
7. Interpret case studies to construct a theory of strategic actions of game theory.
8. Describe possible and probable strategies when provided incomplete or asymmetric information.
9. Examine economic, political, and business systems using game theory.

Effective Term: Fall 2019