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Course description
  STRATEGIC BEHAVIOUR AND THE ECONOMY

Competencies and objectives

 

Course context for academic year 2018-19

This course is an introduction to Game Theory. Game Theory studies situations of strategic interaction and has become a fundamental tool for economic theory. It has contributed to improve our knowledge of human behavior in the face of decision making. It has many applications to economics, political science and biology.

 

 

Course content (verified by ANECA in official undergraduate and Master’s degrees)

General Competences (CG)

  • CG3 : Capacity for self-learning.
  • CG5 : Capacity to take decisions by applying acquired knowledge to practical situations.
  • CG8 : Analyse problems using critical reasoning, without prejudices, precisely and rigorously.
  • CG9 : Capacity for synthesis.

 

General Competences acquired at University of Alicante (CGUA)

  • CGUA1 : Read and communicate in a foreign language in a professional environment, especially in English.
  • CGUA3 : Capacity for oral and written communication.

 

Specific Competences (CE)

  • CE1 : Contribute towards the correct management of resource allocation in both the private and public context.
  • CE10 : Capacity to apply the knowledge and skills acquired to solve theoretical and applied economic problems.
  • CE11 : Analytical skills for developing theoretical frameworks that simplify study of the real economy and the capacity to set appropriate levels of abstraction when studying different economic questions.
  • CE12 : Be able to use the appropriate tools for the analysis, diagnosis and solution of economic questions and problems.
  • CE2 : Identify and anticipate relevant economic problems relating to resource allocation in general, in both the private and public context.
  • CE3 : Bring a rational approach to the analysis and description of any aspect of economic reality.
  • CE4 : Evaluate the consequences of different options for action and select the best one according to the objectives set.
  • CE9 : Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.

 

 

 

Learning outcomes (Training objectives)

- To understand strategic thinking.

- To learn how to find ways of cooperating with others, even when they have purely selfish motivations.

- To understand the problems derived from asymmetric information among the different market participants.

 

 

Specific objectives stated by the academic staff for academic year 2018-19

Among the specific objectives we highlight:


- Formalize strategic situations using the tools of game theory and understand the different
equilibrium concepts in situations with different information

- Understand situations of conflict and evaluate the consequences of the different action alternatives, selecting the best given the objectives

- Assimilate the necessary concepts to analyze the economic models of subjects of higher courses.

- Apply the tools of the Game Theory to different economic models

 

 

General

Code: 35029
Lecturer responsible:
ITURBE-ORMAECHE CORTAJARENA, IÑIGO
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

  • Dept: FOUNDATIONS OF ECONOMIC ANALYSIS
    Area: FOUNDATIONS OF ECONOMIC ANALYSIS
    Theoretical credits: 1,5
    Practical credits: 0,9
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught