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ECOS3012 - Strategic Behaviour
Faculty of Arts and Social Sciences - 6 credit points
HECS Band five
Domestic Fee: $3,300
International Fee: $3,750
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Economics
Offered session(s): 1
Prerequisites: ECOS2001 or ECON2001 or ECOS2901 or ECON2901
Prohibitions: ECON3012, ECOS3901
Classes: 1x2-hr lecture/week, 1x1-hr tutorial/fortnight

Assessment: mid-semester test (35%), online quizzes (20%) and 2hr final exam (45%)

To think and act strategically, one needs to evaluate the effect of one's actions on the actions of others. As most economic decisions are strategic, such as the decision to lower a price or introduce a new tax, economics, if it is to avoid simplistic models, requires a theoretical framework capable of illuminating strategic behaviour. This unit offers a comprehensive, critical introduction to the theory which purports, not only to satisfy this theoretical need, but also potentially to unify the social sciences: game theory. After examining important concepts of game theory, the unit investigates the repercussions for the theory of bargaining and for the evolution of social institutions.
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