Economic Applications of Game Theory OpenCourseWare: A Free Undergraduate Economics Course on Game Theory by MIT

Published Mar 05, 2009

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The Massachusetts Institute of Technology (MIT) offers its 'Economic Applications of Game Theory' as free OpenCourseWare. The original undergraduate course was designed for bachelor's degree students in Economics, but the OpenCourseWare may also be of interest to students in law, computer science and biology. Game theory, or game theoretic analysis, uses mathematical models to explain how people behave in various economic and political situations.

Economic Applications of Game Theory: Course Specifics

Degree Level Free Audio Video Downloads
Undergraduate Yes No No Yes

Lectures/Notes Study Materials Tests/Quizzes
Yes Yes Yes

Economic Applications of Game Theory: Course Description

In this 'Economic Applications of Game Theory' course, students studied both single- and multiple-iteration games, and learned the impact that the prospect of future cooperation between players can have on economic and political behavior. Professor Muhamet Yildiz taught this lecture course to B.S. in Economics students at MIT. The course assumes a basic understanding of calculus and probability theory. Game theorists study mathematical representations of multi-person situations where each player's behavior affects the economic, social or political payoffs that other players receive. By assigning payoff values to all possible decisions available to each player, and by calculating the negative impact each player's decision has on other players, game theorists attempt to predict human behavior in terms of utility maximization.

'Economic Applications of Game Theory' OpenCourseWare contains class lecture slides and lecture notes, recitation notes, a reading list and assignments and exams with solutions. To view these materials visit the game theory for economics course page.

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