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ECO 341 Games People Play in Business
OVERVIEW
CEA CAPA Partner Institution: Anglo-American University
Location: Prague, Czech Republic
Primary Subject Area: Economics
Instruction in: English
Transcript Source: TBD
Course Details: Level 300
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: ECO 120 Intro to Microeconomics, MTH 111 Business Mathematics I
DESCRIPTION
This course provides the student with the basic toolset of a modern approach to analyze strategic interactions, called game theory. The covered material includes situations in which agents decide simultaneously or sequentially, while endowed with either perfect or imperfect information. Basic game-theoretic concepts, such as Nash equilibrium, focal points, mixed strategy equilibrium, backward induction or perfect Bayesian equilibrium, are studied and practiced on numerous examples from business, economics and everyday life.
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