Here you find all important information and course material.
Description
- New class room: SR 13 (I274), on 5.12. class in SR 15 (I301)
This seminar deals with decision theory, noncooperative game theory, and cooperative game theory. The students are expected to present the material themselves, partly with the help of slides offered by Prof. Wiese below.
Note that we (at the chair of microeconomics) offer three related courses. Apart from this one, you might consider attending Competitive Strategy with the lecturer Alexander Singer and/or Seminar: Game Theory in Economics offered by Alexander Singer.
Format and requirements
Each student is asked to
- attend the class meetings regularly (practically always)
- participate in the class meetings actively
- present material offered on the slides below and/or other material regularly (at least eight times), for example
- teach important messages
- discuss problems encountered on the slides
- suggest recipes for solving typical decision and game theoretic exercises
- find and talk about applications
- present further theoretical developments (found in teaching manuals or elsewhere)
- solve (or try to solve) exercises (found on the slides or elsewhere)
- write an exam of 60 minutes
- The grade and the credits (max. 5 credits) are awarded for all the above.
- If you do not attend and participate sufficiently, you wil not be admitted to the exam and will not earn any credits!!!
For your presentations,
- Prof. Wiese will bring a laptop with the slides seen below.
- You can also use your own computer (free format, HDMI output) or USB-stick (PDF only), in particular for material that diverges from the slides seen below.
- Alternatively, you can upload files (see procedure below). If you like, your talks and presentation of exercises can be based on pdf slides that you upload (password communicated in course) to https://speicherwolke.uni-leipzig.de/index.php/s/sPXNwbKYZ5RqBnF before our meeting. After material has been discussed, it is available for download (password communicated in course).
Session table
(but we will sometimes discuss left-overs from previous sessions or revisit topics of previous sessions)
Links to moodle: (Microeconomic Analyses of Old Indian Texts Texts and Advanced Microeconomics)
- October 17.10.2023:
Kick-off session: overview, flipped classroom - three sessions (24.10., 7.11., 14.11.):
Preferences and decisions under risk
a) slides: Preferences
b) slides "Decision" in the moodle course with voice on Microeconomic Analyses of Old Indian Texts Texts
c) slides: Preferences under risk (but you may disregard slides 30-38) - two sessions (21.11., 28.11.):
Monopoly Theory
a) slides: Monopoly and Monopsony
b) slides "Price and Quantity Competition" with voice in the moodle course "Advanced Microeconomics" - two sessions (5.12., 12.12.):
Games in strategic form
where examples might concern the Cournot model and the Bertrand model from industrial organization (Unternehmensstrategien im Wettbewerb) or any other conflict or cooperation situation (check on any game-theory textbook)
a) slides "Noncooperative games" with voice in the moodle course "Microeconomic Analyses of Old Indian Texts Texts"
b) slides: Game theory
c) slides: Oligopoly theory
d) slides "Price and Quantity Competition" with voice in the moodle course "Advanced Microeconomics" - two sessions (19.12.2023, 09.01.2024):
Games in extensive form
where examples might concern the Stackelberg model from industrial organization (Unternehmensstrategien im Wettbewerb) or any other conflict or cooperation situation (check on any game-theory textbook)
a) slides "Backward Induction" with voice in the moodle course "Microeconomic Analyses of Old Indian Texts Texts"
b) slides: Game theory
c) slides: Oligopoly theory - two sessions (16.01., 23.01.2024):
Cooperative game theory
a) slides "Cooperative Game Theory" with voice in the moodle course "Advanced Microeconomics" where examples can be taken from these slides or from any other source - January 30th, 2024: Written exam of 60 minutes