ECF5200 - Game theory and business strategy
6 points, SCA Band 3, 0.125 EFTSL
Postgraduate Faculty of Business and Economics
Leader(s): Professor Chongwoo Choe
Caulfield Second semester 2009 (Evening)
Game theoretic analysis is fundamental to understanding modern business strategies and forms the basic infrastructure of strategy courses. The unit teaches the basic tools of Game Theory, and introduces a structured way to think about business interactions. Game theory originated in the middle of the twentieth century as the general study of strategic interactions and has found applications in a wide variety of contexts including economics, psychology, politics and evolutionary biology. It is this generality that is the source of its power. Accordingly, the unit develops game theory broadly with applications to strategic situations, including business as well as more general contexts.
The learning goals associated with this unit are to:
- to develop a broad understanding of the basic principles of strategic analysis including solution concepts
- to apply the abstract theory to concrete problems.
Within semester assessment: 40%
Examination (2 hours): 60%