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| SYLLABUS |
| Institutional and Game Theoretical Analysis ,
15 ECTS Credits |
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COURSE CATEGORY Civilekonomprogrammet samt i Internationella civilekonomprogrammet och fristående kurs
MAIN FIELD OF STUDY Economics
SUBJECT AREA Economics - NA1
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COURSE CODE |
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730A19 |
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| AIM OF THE COURSE |
On completion of the course, the student should be able to:
- demonstrate advanced knowledge of institutional and game-theoretical theory and method,
- critically review and objectively relate to institutional and game-theoretical research,
- apply institutional and game-theoretical theory in the analysis of economic problems and in policy analysis. |
| CONTENTS |
The course will comprise as well as combine institutional theory and game theory, where the game theory functions as a tool and a formal starting point for institutional analysis. During the course, game theory will be used to interpret strategic behaviour and strategic situations given institutional restrictions, such as values, norms, contracts, governance structures, regulations and organisational forms. The question of how various types of institutions answer incentive, information and rationality issues that have been noticed and analysed in game theory is central to the course. The course participants will also learn the bases of designing games that are adapted to analysing both static and dynamic strategic situations in economics and policy.
Institutional theory will be used in the course to analyse the effects that institutions have on economic and political outcomes and on the behaviour of actors. In this respect, concepts such as transaction costs, ownership, the tragedy of the commons, rent seeking, trust, opportunistic behaviour, principal agent, governance structures and regulations are central. In addition, the driving forces of institutional change and economic transformation will be covered. Lastly covered is the question of how people act and interact in a complex world and how institutions can be shown to be a response to limited rationality, limited information and behavioural bias that can be perceived as irrationality. |
| TEACHING |
| The teaching takes the form of lectures, exercise sessions, literature and case seminars. The students should also study independently. |
| EXAMINATION |
The course is examined through a test, active participation in the literature seminars and through written seminar reports. Detailed information can be found in the study guide.
Students failing an exam covering either the entire course or part of the course two times are entitled to have a new examiner appointed for the reexamination.
Students who have passed an examination may not retake it in order to improve their grades. |
| ADMISSION REQUIREMENTS |
Completed Economics 3. |
| GRADING |
| A grade of Pass with Credit, Pass or Fail is given for the course |
| CERTIFICATE |
| Course certificate is issued by the Faculty Board on request. The Department provides a special form which should be submitted to the Student Affairs Division. |
| COURSE LITERATURE |
| The course literature is decided upon by the department
in question. |
| OTHER INFORMATION |
Planning and implementation of a course must take its starting point in the wording of the syllabus. The course evaluation included in each course must therefore take up the question how well the course agrees with the syllabus.
The course is carried out in such a way that both men´s and women´s experience and knowledge is made visible and developed. |
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Institutional and Game Theoretical Analysis
Institutionell och spelteoretisk analys |
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Department responsible
for
the course or
equivalent:
IEI - Department of Management and Engineering |
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| Registrar No: 2010-00180 |
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Course Code: 730A19 |
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Exam codes: see Local Computer System |
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| Subject/Subject Area : Economics |
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| Level |
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Education level |
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Subject Area Code |
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Field of Education |
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| A1X |
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Advanced level |
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SA |
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The syllabus was approved by the Board of Faculty of Arts and Science 2011-12-13
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