ISTANBUL OKAN UNIVERSITY INFORMATION PACKAGE / COURSE CATALOGUE
| Economics and Finance(English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
General course introduction information
| Course Code: | FNCE426 | ||||||||
| Course Name: | Game Theory | ||||||||
| Course Semester: |
Spring |
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| Course Credits: |
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| Language of instruction: | EN | ||||||||
| Course Requisites: | |||||||||
| Does the Course Require Work Experience?: | No | ||||||||
| Type of course: | Department Elective | ||||||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||||||
| Course Coordinator : | Öğr.Gör. MUBARIZ HASANOV | ||||||||
| Course Lecturer(s): | |||||||||
| Course Assistants: |
Course Objective and Content
| Course Objectives: | • Understand the basic concepts of game theory • Apply methods to determine equilibrium in games • Relate concepts of game theory with possible economic and business applications that involve strategic thinking |
| Course Content: | Normal form; extensive form; Nash equilibrium; Sub-game perfect equilibrium; Backward Induction; Forward Induction; Pure Strategy; Mixed Strategy; Strict/Weak Dominance; Iterated Elimination of Strictly Dominated Strategies; Trembling hand; Multiple equilibria; Symmetric zero-sum games; Prisoner’s dilemma |
Learning Outcomes
The students who have succeeded in this course;
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Lesson Plan
| Week | Subject | Related Preparation |
| 1) | Basic Concepts | none |
| 2) | Static Games of Complete Information (Pure Strategy) | reading |
| 3) | Static Games of Complete Information (Mixed Strategy) | reading |
| 4) | Static Games of Complete Information (Further Solution Concepts) | reading |
| 5) | Dynamic Games (Games of Complete and Perfect Information) | reading |
| 6) | Dynamic Games of Complete Information (Two-Stage Games) | reading |
| 7) | Dynamic Games of Complete Information (Repeated Games) | reading |
| 8) | Static Games of Incomplete Information (Static Bayesian Games) | reading |
| 9) | Static Games of Incomplete Information (Bayesian Nash Equilibrium) | reading |
| 10) | Static Games of Incomplete Information (Applications) | reading |
| 11) | Static Games of Incomplete Information (The Revelation Principle) | reading |
| 12) | Dynamic Games of Incomplete Information (Perfect Bayesian Equilibrium) | reading |
| 13) | Dynamic Games of Incomplete Information (Signaling Games) | reading |
| 14) | Dynamic Games of Incomplete Information (Other Applications of Perfect-Bayesian Equilibrium) | reading |
| 15) | Dynamic Games of Incomplete Information (Refinements) Fınal Exam | none |
Sources
| Course Notes / Textbooks: | Gibbons, A. (1992) A Primer in Game Theory, Financial Times/ Prentice Hall, 1992 Schotter, A. (2001) Microeconomics: A Modern Approach (Chapter 7: Game Theory and the Tools for Strategic Business Analysis) Addison Wesley Longman |
| References: | Leyton-Brown, K., Shoham, Y. (2008) Essentials of Game Theory: A Concise, Multidisciplinary Introduction |
Course-Program Learning Outcome Relationship
| Learning Outcomes | 1 |
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|---|---|---|---|---|---|---|---|---|
| Program Outcomes | ||||||||
| 1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
| 2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
| 3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
| 4) Recognise the basic principles and regulations in the financial sector. | ||||||||
| 5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
| 6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
| 7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
| 8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
| 9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | ||||||||
Course - Learning Outcome Relationship
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | 5 |
| 2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 5 |
| 3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | 2 |
| 4) | Recognise the basic principles and regulations in the financial sector. | 2 |
| 5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | 3 |
| 6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | 4 |
| 7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | 3 |
| 8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | 2 |
| 9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 1 |
Learning Activity and Teaching Methods
| Field Study | |
| Lesson | |
| Group study and homework | |
| Homework |
Assessment & Grading Methods and Criteria
| Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
| Homework | |
| Observation | |
| Group project | |
| Peer Review | |
| Uzman / Jüri Değerlendirmesi |
Assessment & Grading
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final | 1 | % 60 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| total | % 100 | |
Workload and ECTS Credit Grading
| Activities | Number of Activities | Duration (Hours) | Workload |
| Midterms | 40 | 0 | 0 |
| Final | 60 | 0 | 0 |
| Total Workload | 0 | ||