The Introductory Economics course is a collection of online experiments and related on-line workbooks which can be used by individual learners or to supplement an instructor lead course. In each experiment a student is an active participant attempting to make deals with other traders in a market. After each experiment, the data the students generated is stored and the student will use this data to complete an online workbook. The workbook guides the student through the analysis and much of the economic theory needed to understand the related experiment. In these experiments the student is both a participant and an observer.
This half-term course examines the choices that we make which affect others and the choices others make that affect us. Such situations are known as "games" and game-playing, while sounding whimsical, is serious business. Managers frequently play games both within the firm and outside it - with competitors, customers, regulators, and even capital markets! The goal of this course is to enhance your ability to think strategically in complex, interactive environments. Knowledge of game theory will give you an advantage in such strategic settings. The course is structured around three "themes for acquiring advantage in games": commitment / strategic moves, exploiting hidden information, and limited rationality.
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