IE4: Games and Strategies

Code

BUSI3165

School

Nottingham University Business School

Level

3

Credits

20

Semesters

Spring Malaysia

Summary

This module will analyse the conduct and strategies of firms from a game theoretic point of view. Topics to be covered include basic game theory, models of oligopoly, pricing tactics, strategic entry deterrence, standard settings, networks and technology adoption, cooperation, communication and competition.

Target Students

Available to Part II Business School, Applied Psychology and Economics (NSE) students with the required pre-requisite BUSI3164 Industrial Economics III: Market Structure and Competition Policy.

Co-requisites

Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:

• IE3: Market Structure and Competition Policy (BUSI3164)

Classes

• One 1-hour-30-minute seminar each week for 4 weeks
• One 3-hour lecture each week for 11 weeks

Assessment

• 20% Presentation: 6-minute Individual Presentation
• 80% Exam (2-hour-30-minute): One 2.5-hour examination

Assessed by end of spring semester

Educational Aims

Learning Outcomes

Knowledge and understanding

This module develops a knowledge and understanding of:

• The development, access and operation of markets for resources, goods and services.
• Ability to apply core economic theory and economic reasoning to applied topics.
• The applications of economics. To discover how to apply relevant economic principles and reasoning to a variety of applied topics, in particular in the fields of industrial organisation and managerial economics.
• Understanding of distinctive economic theories, interpretations and modelling approaches, and their competent use
• The applications of economics to design, guide and interpret commercial, economic, social and environmental policy.
• Mathematical methods for economics
• Economic principles and tools addressing the microeconomic issues of decision and choice
• Economic principles and tools addressing the microeconomic issues of the  production and exchange of goods
• Economic principles and tools addressing the microeconomic issues of the pricing and use of inputs
• Economic principles and tools addressing the microeconomic issue of the interdependency of markets
• Economic principles and tools addressing the microeconomic issue of economic welfare
• Economic policy at the microeconomic level showing an understanding of analytical methods and model-based argument and of different methodological approaches and their strengths and limitations.

Intellectual skills

This module develops:

• The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions.
• Conceptual and critical thinking, analysis, synthesis and evaluation.

Professional practical skills

This module develops:

• Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena.
• The ability to apply business models to business problems and phenomena.

Transferable (key) skills

This module develops:

• Communication and listening including the ability to produce clear, structured business communications in a variety of media.
• Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time.
• Articulating and effectively explaining information.

Conveners

• Dr Ramez Abubakr Abdulrazzaq Ba Deeb