Game Theory for Business and Social Sciences
UndergraduateTAS-BEA1042025
Enrol today with instant approval and no entry requirements
- Study method
- 100% online
- Assessments
- 100% online
- Enrol by
- 13 July 2025
- Entry requirements
- No ATAR needed, No prior study
- Duration
- 14 weeks
- Start dates
- 21 July 2025
- Price from
- $2,726
- Upfront cost
- $0
- Loan available
- HECS-HELP and FEE-HELP available
Game Theory for Business and Social Sciences
About this subject
Upon completion of this subject, the student should be able to:
- Identify strategic interaction in a variety of settings and formally model them as games.
- Apply game theory as an analytical tool to solve the games with an aim to predict outcomes.
- Evaluate the application of game theoretic models/analysis and provide solutions for problems faced by business managers and policy makers.
- Communicate economic analysis and arguments in both written and oral forms.
- Modelling strategic interactions: What is a game? Basic rules and examples
- Sequential strategic games
- Simultaneous strategic games - Part 1 - Dominance, best response and Nash Equilibrium
- Simultaneous strategic games - Part 2 - Mixed strategies
- Communication and strategic moves
- Uncertainty and asymmetric information - Part 1 - Dealing with risk
- Uncertainty and asymmetric information - Part 2 - Games with asymmetric information
- Repeated games
- Collective action games
- Mechanism design
- Bargaining and negotiation
In both our personal and work lives we regularly encounter 'games': that is, situations where our actions affect the others we interact with, and vice versa. Game Theory provides a framework to discuss and analyse these types of strategic interactions. It provides a modern language to important issues in business, economics, political science, sociology, philosophy and ethics, socio-biology and law. In this subject, you will be introduced to the central elements of game theory. You will learn about thinking strategically and its benefits in a variety of strategic settings and for many different applications. We will discuss how people might be expected to act in a variety of games and identify the best response to that behaviour.
- Take-Home Assignment (X2) (60%)
- Case Studies (Group) (40%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
No entry requirements
Additional requirements
- Other requirements - Teaching Arrangement: 1 x 2-hour online workshop (Wks 2-13).
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
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What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
UndergraduateTAS-ECO-DEG
Bachelor of Psychological Science and Bachelor of Economics
UndergraduateTAS-PEC-DEG
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