Game Theory

Game Theory is a fundamental analytical tool in Economics alongwith Price Theory. Game theoretic modeling and strategic analysis as a distinct methodology has been a major intellectual achievement of the past century not only within the Economics discipline but more broadly in the Social Sciences. The course requires and further develops conceptual thinking as well as problem solving abilities of students.

1. Students are able to construct game theoretic models of economic, political and social situations.
2. Students are able to analyze games strategically using appropriate solution concepts.
3. Students are able to analyze contractual relationships strategically.