ECON 2511 - Thinking Strategically II
North Terrace Campus - Semester 1 - 2016
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General Course Information
Course Details
Course Code ECON 2511 Course Thinking Strategically II Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 3503 & ECON 7062 Assumed Knowledge ECON 1005 or equivalent Assessment Typically, assessment may comprise 20% for homework assignments, 30% for mid-semester tests and 50% final exam. Course Staff
Course Coordinator: Dr Dmitriy Kvasov
Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
The purpose of this course is to provide students with an introduction to central themes and results in both non-cooperative and cooperative game theory.
On successful completion of this course students will be able to:
1 Possess a solid grasp of the mathematics of Nash equilibrium and know how to apply it to specific problems 2 Develop an understanding of the Shapley value and become familiar with its uses 3 Develop an understanding of the Gale–Shapley algorithm and become familiar with its uses 4 Acquire a basic toolkit from game theory; develop skills in the translation of economic problems into game-theoretic notation; be able to select an appropriate solution concept; and be able to compute equilibrium strategies University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1-4 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
1-4 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1-4 Intercultural and ethical competency
- adept at operating in other cultures
- comfortable with different nationalities and social contexts
- able to determine and contribute to desirable social outcomes
- demonstrated by study abroad or with an understanding of indigenous knowledges
1-4 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
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Learning Resources
Required Resources
Textbooks:
Game Theory by H. Peters, 2008.
Electronic version of the books are available free of charge from the library.
Additional required reading resources will be announced during the semester on MyUni or in class.Online Learning
The course uses MyUni and it is a student’s responsibility to check the website regularly.
Course material such as lecture notes, assignments, and assignment answer guides will be available on MyUni.
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Learning & Teaching Activities
Learning & Teaching Modes
Learning in this course is through lectures, tutorial, and personal study.
The lectures will provide you with the necessary understanding of the material to be able to solve the exercises you will be given during tutorial, assignments or exams.
The tutorials will be organised as follows:
- Your tutor will present the solutions for one of the exercises you were asked to prepare to illustrate what is expected from you in solving these kinds of problems.
- Students will then be asked to come to the board and present their work and answers to some of the tutorial exercises. Your tutor will provide assistance if needed and questions from other students are strongly encouraged.
The practical learning approach will be incorporated through the tutorials as described above. The online discussion board will also provide a dynamic forum for students to share and develop their ideas.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Students in the course are expected to attend all two-hour lectures and/or tutorial throughout the semester. Students are also expected to commit approximately 4 to 6 hours to private study, that is, study outside of your regular classes.Learning Activities Summary
Weeks 1-7: Non-Cooperative Game Theory
- Games in extensive form.
- Backward induction.
- Strategies and Information.
- Games in normal form.
- Nash equilibrium.
- Dominance.
- Repeated Games.
- Mechanism Design.
- Assignment and matching problems.
- Bankruptcy problems.
- Core.
- Shapley Value.
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Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Mid-semester Test 30% Assignment 1 15% Assignment 2 15% Final Exam 50% Assessment Detail
- There will be two assignments and one mid-semester exam during the semester. The goal of the assignments is to facilitate preparation for the exams. The assignments and mid semester exam are compulsory and NOT redeemable, unless a student has a medical certificate which has to be presented to the lecturer before any redemption can be arranged.
- The final exam will cover the entire course. All material from the lectures, the textbook, or the tutorials is examinable.
- Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks may be deducted in the final examination because of poor hand-writing.
- Assessment marks prior to the final exam may be displayed on the course website. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
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