Course Responsible of Decisions, Strategy and Information GRA6626 BI Norwegian Business School
Introduction
The course will provide students with advanced methods and theories in contemporary microeconomics for understanding economic decision-making and strategic interactions. Special emphasis will be placed on connecting theory to real-world applications, with the help of digital tools. Examples of such applications include environmental sustainability policies, insurance markets and risk, public good provision, and contracts.
Learning outcomes - Knowledge
The course will be divided into two parts: In the first, students will acquire an advanced understanding of models of decision theory and competitive market equilibrium. In the second, they will be introduced to game theory with the goal of analyzing situations in which individuals interact in strategic ways and under limited information.
General Competence
Introduction
The course will provide students with advanced methods and theories in contemporary microeconomics for understanding economic decision-making and strategic interactions. Special emphasis will be placed on connecting theory to real-world applications, with the help of digital tools. Examples of such applications include environmental sustainability policies, insurance markets and risk, public good provision, and contracts.
Learning outcomes - Knowledge
The course will be divided into two parts: In the first, students will acquire an advanced understanding of models of decision theory and competitive market equilibrium. In the second, they will be introduced to game theory with the goal of analyzing situations in which individuals interact in strategic ways and under limited information.
General Competence
- The students will develop a way of thinking about strategic interactions in real life and particularly in business situations.
- Students will learn to use a game-theoretic analytical framework to study aspects of cooperation, negotiation, and conflict.
- Students will acquire tools to examine the debates surrounding market efficiency and inequality and the sustainability of climate change treaties.