Hands-On Microeconomics: a primer in Game Theory.

This course explains the fundamental ideas of non-cooperative game theory using a hands-on method, which includes presenting, discussing, and solving situations. Matching pennies, the prisoners' dilemma, the battle of the sexes, and the game of chicken will be examined in order to introduce and apply ideas such as Nash equilibrium in pure and mixed strategies, the removal of dominated strategies, and recurrent games. Sequential games will also be discussed in detail, employing a structure based on game trees. As a result, the concept of subgame perfect equilibrium will be addressed. Finally, certain game theory principles will be applied to characterize the conclusion of the Cournot and Stackelberg duopoly, as well as the instability of a cartel.

In this course, you will learn the main concepts in non-cooperative game theory and how to use them to find equilibria for actual games. You will get to know some classic battle horse games very well, such as matching pennies, the prisoners' dilemma, the battle of sexes, and the game of chicken. You will learn to use equilibrium concepts such as those of Nash equilibrium and subgame perfect equilibrium for sequential games. You will be asked to make comparisons between game-theoretic concepts and some market forms. You will be asked to apply the concepts learned in class to some end-of-class exercises. This is one of the best online game theory courses.

Who is this course for?

• first and second-year students in Economics (Major and Minor).
• Students in the social sciences, wishing to get basic hands-on notions of non-cooperative game theory,
• Managers wish to get some insight into game theoretical concepts and learn to think more strategically.

Requirements:

• For most of the course, simple algebra and very basic notions of calculus are sufficient for some applications.
• very basic notions of statistics (in particular, the concept of a weighted average).

Udemy rating: 4.4/5.

Enroll here: https://www.udemy.com/course/hands-on-microeconomics-a-primer-in-game-theory/