Economics of Strategy

Course Code:

ECON 461

Course Type:

Area Elective

P:

3

Application:

0

Credits:

3

ECTS:

5

Course Language:

İngilizce

Course Coordinator:

Alper ALTINANAHTAR

Courses given by:

Alper ALTINANAHTAR

Course Objectives:

To develop a game modeling of economic situation To strategic actions and provide possible solutions to each economic problems.

Course Content:

Strategic methods of analysis utilized by game theory, mathematical game modelling and solving, differentiation of games with given information level, static and dynamic game solutions.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study

Course Evaluation Methods:

A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
Determines the strategic factors in a game.	2,4,6	1, 2, 3	A, C
Solving games in static and dinamic environments	1,2,4,7	1, 2, 3	A, C
Setting up games under full and imperfect information circumstances.	1,2,4,7	1, 2, 3	A, C
Creating and solving a static and dinamic game.	2,6	1, 2, 3	A, C
Appliying game theory to various economic problems and solving them.	4,5,7	1, 2, 3	A, C

Course Flow

Week	Topics	Study Materials
1	Games and elements of a game	Chapter 1
2	Static games with full information: Dominant strategy and equilibrium	Chapter 1
3	Static games with full information: Mixed strategy and equilibrium	Chapter 2
4	Static games with full information: Mixed strategy and equilibrium	Chapter 2
5	Dynamic games with full information: Dominant strategy and equillibrium	Chapter 3
6	Dynamic games with full information: Mixed strategy and equillibrium	Chapter 3
7	Ara Sınav
8	Static games with imperfect information: Bayesian Nash equilibrium	Chapter 4
9	Dynamic games with imperfect information: Bayesian Nash equilibrium	Chapter 5
10	Dynamic games with imperfect information: Bayesian Nash equilibrium	Chapter 5
11	Dynamic games with imperfect information: Signals and applications	Chapter 6
12	Dynamic games with imperfect information: Other types of equilibrium outcomes	Chapter 6
13	Games
14	Games

Recommended Sources

Textbook		Strategies and Games: Theory and Practice by Dutta, Prajit K., MIT Press, 1999
Additional Resources		Lecture notes and chapter slides

Material Sharing

Documents		Lecture notes and Chapter slides
Assignments		End of Chapter problems and Homework Assignments
Exams		Quiz questions

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	50
Quizzes (attendance, presentation, etc.)	3	30
Assignments	2	20
	Total	100
Contribution of Final Examination to Overall Grade		40
Contribution of In-Term Studies to Overall Grade		60
	Total	100
Course Category

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAM
No	Program Learning Outcomes	Contribution
		1	2	3	4	5
1	Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.		X
2	Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.			X
3	Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.		X
4	By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.				X
5	Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.			X
6	Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.		X
7	Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the social development and global competitiveness.				X

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	4	60
Mid-terms	1	3	3
Quizzes (attendance, presentation, etc.)	3	0,5	1,5
Assignments	2	5	10
Final Examination	1	3	3
Total Work Load			122,5
Total Work Load / 25 (s)			4,9
ECTS Credit of the Course			5

None

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