Course Title: Strategic Games for Business

Part A: Course Overview

Course Title: Strategic Games for Business

Credit Points: 12.00

Terms

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
ECON1340	City Campus	Undergraduate	625H Economics, Finance and Marketing	Face-to-Face	Sem 1 2018, Sem 1 2019, Sem 2 2020, Sem 1 2021, Sem 1 2022, Sem 1 2023, Sem 1 2024
ECON1575	Singapore Inst of Management	Undergraduate	625H Economics, Finance and Marketing	Face-to-Face	Offsh1 24

Course Coordinator: Xueting Wang

Course Coordinator Phone: +61 (3) 99256005

Course Coordinator Email: xueting.wang@rmit.edu.au

Course Coordinator Location: Melbourne Campus

Course Coordinator Availability: By appointment via email

Pre-requisite Courses and Assumed Knowledge and Capabilities

Assumed Knowledge

Recommended: Prices and Markets or Understanding the Business Environment or equivalent.

Course Description

Success in business is about making good decisions. This can be very challenging under “strategic interdependence” – the influence of competitors, business partners, customers, shareholders and government on each other. This course introduces tools from business economics and psychology to address such strategic choice.

Game theory provides you with the tools to recognise and understand strategic situations, to predict others’ behaviours and to design appropriate strategic and tactical responses. Psychology enriches the theory with insights about how people make strategic decisions in practice. Knowledge of these approaches helps decision makers to be better informed through systematic and evidence-based thinking. In this course, you will be introduced to these approaches and their application to business problems and managerial decision making. You will also become familiar with main theoretical concepts and tools and their application in hands-on and case-based analysis.

Objectives/Learning Outcomes/Capability Development

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On successful completion of this course, you will be able to:

CLO1: Understand game theory and how it can be applied by practitioners in business to evaluate and solve strategic problems;

CLO2: Recognise the strategic issues in a business problem from a game theory perspective;

CLO3: Apply analytical tools to strategic problems to predict outcomes and prescribe solutions;

CLO4: Critically evaluate the application of game theoretic models and solutions for business managers and policy makers.

Overview of Learning Activities

In this course you will be encouraged to be an active learner. Your learning will be supported through various in-class and online activities comprising of individual and/or group work. These may include quizzes; assignments; prescribed readings; sourcing, researching and analysing specific information; solving problems; conducting presentations; producing written work and collaborating with peers on set tasks or projects. These in-semester activities will incorporate formative assessments to monitor ongoing progress.

Overview of Learning Resources

Various learning resources are available online through MyRMIT/Canvas. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator and made available to you as required during the teaching period.

Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assessment Task 1: 20%
Linked CLOs: 1, 2

Assessment Task 2: 30%
Linked CLOs: 1, 2, 3, 4

Assessment Task 3: 50% 
Linked CLOs: 1, 2, 3, 4