Game Theory and Economics

Course Description

The course is intended for students and teachers of institutions which offer undergraduate engineering programmes.

The aim of the course is to provide an introduction to the study of game theory which has found wide applications in economics, political science, sociology, engineering apart from disciplines like mathematics and biology.

The course would introduce to the fundamental tools of game theory, a few equilibrium concepts, apart from numerous exercises and applications.

Knowledge of game theory would help students to understand and analyse real life situations such as market behaviour or voting in elections, apart from equipping them with analytical concepts which might be useful should they decide to pursue social sciences, engineering, sciences or managerial higher studies.

This is an interdisciplinary course, hence not only social sciences but science and engineering departments of different universities can benefit from it.

The six modules of the course are as follows:
I. Introduction to Game Theory
II. Strategic Games and Nash Equilibrium
III. Illustrations of Nash Equilibrium
IV. Mixed Strategy Nash Equilibrium
V. Extensive Games and Nash Equilibrium
VI. Illustrations of Extensive Games and Nash Equilibrium

Game Theory and Economics
"The Prisoner's Dilemma": A classic example of game theory for students of economics.
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Video Lectures & Study Materials

Visit the official course website for more study materials: http://nptel.ac.in/courses/109103021/

# Lecture Play Lecture
1 Definition of Game Theory and Rational Choice (1:01:45) Play Video
2 Interacting Decision Makers (1:04:04) Play Video
3 Strategic Games : Examples (1:03:18) Play Video
4 Matching Pennies, Stag Hunt and Nash Equilibrium (1:04:15) Play Video
5 Examples of Nash Equilibrium (1:04:41) Play Video
6 Altruism and Prisoner's Dilemma (51:27) Play Video
7 Variants Stag Hunt Game, Hawk Dove and Coordination Game (59:26) Play Video
8 Public Good Provision, Strict Nash Equilibrium (56:13) Play Video
9 Best Response Functions (54:17) Play Video
10 Strictly and Weekly Dominated Action (1:06:09) Play Video
11 Application of Week Domination: Voting (56:45) Play Video
12 Symmetric Games and Symmetric Equilibrium (55:09) Play Video
13 Cournot Model of Oligopoly (1:07:08) Play Video
14 Different Aspects of Cornot Model (1:05:32) Play Video
15 Further Aspects of Cournot Model (53:56) Play Video
16 Cournot & Bertrand Models (1:03:57) Play Video
17 Different Aspects of Bertrand Model (54:17) Play Video
18 Electoral Competition 1 (52:20) Play Video
19 Different Aspects of Hotelling Model (55:40) Play Video
20 Hotteling Model: Concluding Remarks (1:00:47) Play Video
21 War of Attrition (59:56) Play Video
22 Second Price Sealed Bid (54:25) Play Video
23 Further Aspects of Second Price Auction (55:20) Play Video
24 First Price Auction (53:22) Play Video
25 All Pay Auction, Multi Unit Auction (1:01:21) Play Video
26 Accident Laws (1:03:34) Play Video
27 Mixed Strategy Nash Equilibrium: Introduction (1:02:12) Play Video
28 Mixed Strategy, Mixed Strategy Equilibrium (1:01:55) Play Video
29 Mixed Strategy Equilibrium: Concept and Examples (1:01:44) Play Video
30 Characterisation of Mixed Strategy Equilibrium (56:47) Play Video
31 Dominated Actions and Iterated Elimination (1:01:11) Play Video
32 Rationalisability and Beliefs (1:04:01) Play Video
33 Extensive Games: Introduction (1:04:12) Play Video
34 Strategy and Equilibrium (1:03:34) Play Video
35 Nash Equilibrium and Its Problems (1:04:56) Play Video
36 Subgame Perfect Nash Equilibrium (1:01:54) Play Video
37 Backward Induction (1:02:22) Play Video
38 Backward Induction: Exercises (1:05:17) Play Video
39 Ultimatum Game (1:01:48) Play Video
40 Stackelberg Duopoly Model (1:00:33) Play Video

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