Hobart
This unit has been discontinued.
Introduction
In both our personal and work lives we regularly encounter 'games': that is, situations where our actions affect the others we interact with, and vice versa. Game Theory provides a framework to discuss and analyse these types of strategic interactions. It provides a modern language to analyse business, economics, political science, sociology, philosophy and ethics, socio-biology and law.
In this unit you will be introduced to the central elements of game theory. You will learn about thinking strategically and its benefits in a variety of strategic settings, particularly those in a competitive environment. We will discuss how people might be expected to act in a variety of games and identify the best response to that behaviour.
This unit isan elective in the Bachelor of Economic (BEc) degree, but a core unit in the Business Economics major in the Bachelor of Business (BBus).
Summary 2020
| Unit name | Thinking Strategically: The Competitive Edge |
|---|---|
| Unit code | BEA236 |
| Credit points | 12.5 |
| Faculty/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Economics and Finance |
| Coordinator | |
| Level | Intermediate |
| Available as student elective? | Yes |
| Breadth Unit? | No |
Availability
Note
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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
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TNE Program units special approval requirements.
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Learning Outcomes
| LO1 | Construct an extensive or strategic form of games that represent a variety of strategic settings. |
| LO2 | Use various equilibrium concepts to predict the outcomes of various games in extensive and strategic forms. |
| LO3 | Interpret, using economic theory, the way in which games are predicted to be played, and the way they are observed to be played. |
Fees
Requisites
Co-requisites
N/A
Mutual Exclusions
You cannot enrol in this unit as well as the following:
N/A
Teaching
| Teaching Pattern | Please see the unit outline for details. |
|---|---|
| Assessment | Online Quizzes (20%), Online Test (30%), Final Exam (50%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Please see the unit outline for details. |
|---|
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