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FutureStream: Economics | Games & Game Theory

 

Imagine you and your best friend are deciding between going to a concert or an amusement park for the weekend. The catch? You can’t talk to each other about it. Your enjoyment depends on both of your choices. How do you make your decision? Do you trust your friend to make the same choice as you, or do you try to outsmart each other? This simple dilemma introduces us to the intriguing world of game theory in economics. Get ready to explore the strategies, dilemmas, and surprises that arise when decisions depend on the choices of others. Join us to explore this future-forward and project-based course in Game Theory!

 

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Dates Eligibility Fees 
Application deadline- May 4, 2024

 

Course dates– Sat, May 18, 2024- Sun, June 9, 2024

16 Live Teaching Hours over 4 weekends (11AM- 1PM on Saturdays & Sundays).

  • High schoolers studying in grades 9- 12 as on the course commencement date in May, 2024.
  • Students from India and abroad can apply.
  • Students from all boards can apply.
  • Prerequisites: High level of proficiency in written and verbal English communication.
  • You will be required to submit your latest marksheet in the application form.
Rs 22,000/- +GST
*Refer to fees section of website for inclusions & exclusions

Who is this course for?

Our future-forward course spans diverse disciplines and is tailored for high school students (Grades 9-12) to equip them with knowledge and skills for strategic decision-making. It is also for students interested in any field of Economics including Microeconomics, Statistical Economics, and Behavioural Economics. This course provides valuable insights that foster analytical skills applicable across diverse academic paths.

 Prerequisites: High proficiency in written & spoken English. You will be required to submit your latest mark sheet in the application form.

What’s in it for me?

  • Game Theory Fundamentals: Learn basics like strategic behaviour, payoffs, and equilibrium
  • Strategic Everyday Interactions: Analyse real scenarios where decisions depend on others’ choices
  • Efficient Social Interactions: Explore strategies to overcome inefficiencies in system design
  • Applications-Based Design: Study game theory’s role in market design, voting, auctions, and matching processes
  • Game Theory in Nature: Apply game theory to model observable characteristics in biological contexts
  • Futuristic Perspectives: Envision the future of global politics, social institutions and game theory, considering evolving societal dynamics and the role of strategic interactions in shaping our world

What do I take away?

By the end of the course, the students will:

  • Understand strategic interactions with tractable examples
  • Use game theory to clarify certain pertinent economic situations
  • Understand the logic of equilibrium in a game theoretic setting and the existence of sub-optimal outcomes in the equilibrium
  • Learn inferior to superior outcomes by suitable modifications of games
  • Have an in-depth knowledge of the applications of game theory in economics

 

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Faculty

Session outline

Week 1 Week 2 Week 3 Week 4
Lecture module Strategic interactions: Prisoner’s dilemma, battle of sexes. Efficiency vs. inefficiency in a game Nash equilibrium in economics: Auctions, matching, market competition

 

Sequential Games: First mover or second mover; Cooperation or competition

 

Is game theory only for human beings?  Design Games
Project module Economic settings and modelling various economic strategic scenarios as games Strategies and computation of Nash equilibrium Suboptimal outcomes in games and examples Solving elementary sequential games

Grading, Assessments & Certification

All Ashoka Horizons courses offer a certificate on satisfactory completion of the course. The 4 components of student assessment are-

  • In-class quizzes – 20%
  • Written assignments Week 2 & 3 – 30%
  • Final report – 30%
  • In-class participation and attendance – 20%

Class participation will be assessed based on your active engagement in live sessions, contributions to discussion forums, and involvement in Teaching Fellow-led activities. Letters of Appreciation will be issued for select students based on exceptional performance in the course.

 

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IT Requirements

This course is administered through an online platform. Students are expected to have a foundational understanding of computer usage, including but not limited to sending emails and conducting Internet searches. Consistent access to the Internet and a computer that aligns with the recommended minimum specifications are also requisite for participation in the course.

 

Small cohorts. Apply early to secure your seat.

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