STRATEGIC BEHAVIOUR IN BUSINESS ECONOMICS AND FINANCE

ECO2SBE

Not currently offered

Credit points: 15

Subject outline

Game theory is the study of strategic interaction. The focus is on situations in which individuals interact with one another in the knowledge that outcomes depend, at least in part, on each of their actions. Such situations arise naturally in the social sciences. In particular, game theory has had a significant impact in economics. Game theoretic models can now be found in most areas of economics. In this subject, students will learn the basic techniques that are used to model strategic interaction. They will also learn how to apply these techniques to a variety of problems that occur in business and economics. Some applications might also be drawn from the other social sciences.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDamien Eldridge

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

Prerequisites ECO1IMI or ECO1DSM

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsGame theory for applied economicsPrescribedGibbons, R.PRINCETON UNIVERSITY, USA, 1992

Graduate capabilities & intended learning outcomes

01. Identify the statistical procedures that are most suited to various problems in business, economics and finance.

Activities:
Lectures, tutorials, prescribed reading, class discussions
Related graduate capabilities and elements:
Inquiry/ Research (Inquiry/ Research)
Writing (Writing)
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)

02. Illustrate various univariate and multivariate statistical procedures.

Activities:
Lectures, tutorials, prescribed reading, class discussion
Related graduate capabilities and elements:
Writing (Writing)
Critical Thinking (Critical Thinking)
Inquiry/ Research (Inquiry/ Research)
Creative Problem-solving (Creative Problem-solving)

03. Perform various statistical procedures using SPSS and interpret their results.

Activities:
Lectures, tutorials, prescribed reading, class discussions
Related graduate capabilities and elements:
Creative Problem-solving (Creative Problem-solving)
Writing (Writing)
Inquiry/ Research (Inquiry/ Research)
Critical Thinking (Critical Thinking)

04. Present your results and write reports in a way that is understandable to non-statisticians.

Activities:
Lectures, tutorials, prescribed reading, class discussions
Related graduate capabilities and elements:
Writing (Writing)
Inquiry/ Research (Inquiry/ Research)
Critical Thinking (Critical Thinking)
Creative Problem-solving (Creative Problem-solving)

Subject options

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