![]() | Study programme 2025-2026 | Français | |
![]() | Game theory in Economics | ||
Programme component of Master's in Management (MONS) (day schedule) à la Warocqué School of Business and Economics |
| Code | Type | Head of UE | Department’s contact details | Teacher(s) |
|---|---|---|---|---|
| UW-M1-SCGEST-087-M | Optional UE | PERILLEUX Guillaume | W718 - Economie |
|
| Language of instruction | Language of assessment | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Credits | Weighting | Term |
|---|---|---|---|---|---|---|---|---|---|
| Anglais | 30 | 12 | 0 | 0 | 0 | 6 | 6.00 | 2nd term |
| AA Code | Teaching Activity (AA) | HT(*) | HTPE(*) | HTPS(*) | HR(*) | HD(*) | Term | Weighting |
|---|---|---|---|---|---|---|---|---|
| W-AETR-111 | / | 30 | 6 | 0 | 0 | 0 | Q2 | |
| W-AETR-112 | Game theory in Economics - AAEHP | 0 | 6 | 0 | 0 | 0 | Q2 |
| Programme component |
|---|
Objectives of Programme's Learning Outcomes
Learning Outcomes of UE
By the end of the course, students should be able to :
- Understand Basic Concepts: Students should be able to understand and explain key concepts in game theory such as strategies, payoffs, Nash equilibrium, and dominant strategies.
- Formalize Strategic Situations: students should be able to model simple strategic scenarios as games. This includes identifying players, strategies, and payoffs in a given situation.
- Analyze Games: Students should be able to analyze games using the concepts learned. This includes finding the Nash equilibrium in different games, and understanding its implications.
- Apply Game Theory: Students should be able to apply game theory to real-world situations. This could involve using game theory to understand strategic interactions in economics, politics, business, and other fields.
- Critical Thinking: Students should develop critical thinking skills, allowing them to question and analyze the assumptions and implications of game theory.
UE Content: description and pedagogical relevance
Drawing from the textbook ‘A Primer in Game Theory’ by Gibbons, this course serves as an introductory exploration into the examination of strategic economic scenarios.
Specifically, the course will cover the study of static and dynamic games, both with complete and incomplete information.
The course will also elaborate on economic applications, incorporating examples from fields such as industrial organization, labor economics, auction theory, and bargaining theory.
Prior Experience
Not applicable
Type(s) and mode(s) of Q2 UE assessment
Q2 UE Assessment Comments
/
Type(s) and mode(s) of Q3 UE assessment
Q3 UE Assessment Comments
The evaluation will be in the form of:
- Presentations;
- Oral exam;
- Written exam
Or a combination of these elements.
Type of Teaching Activity/Activities
| AA | Type of Teaching Activity/Activities |
|---|---|
| W-AETR-111 |
|
| W-AETR-112 |
|
Mode of delivery
| AA | Mode of delivery |
|---|---|
| W-AETR-111 |
|
| W-AETR-112 |
|
Required Learning Resources/Tools
| AA | Required Learning Resources/Tools |
|---|---|
| W-AETR-111 | Not applicable |
| W-AETR-112 | Not applicable |
Recommended Learning Resources/Tools
| AA | Recommended Learning Resources/Tools |
|---|---|
| W-AETR-111 | Not applicable |
| W-AETR-112 | Not applicable |
Other Recommended Reading
| AA | Other Recommended Reading |
|---|---|
| W-AETR-111 | Gibbons (1992), A Primer in Game Theory, Prentice Hall |
| W-AETR-112 | Gibbons (1992), A Primer in Game Theory, Prentice Hall |