ECN7550 - BUSINESS STRATEGY AND GAME THEORY
BUSINESS STRATEGY AND GAME THEORY
ECN7550- Business Strategy and Game Theory
3 credit graduate elective
This course makes extensive use of Game Theory (in addition to classical strategic models and applied microeconomic theory) to provide a systematic and rigorous approach for formulating winning strategies for creating and capturing value in the context of interdependence and uncertainty. In this course you will have an opportunity to, whenever possible, calculate the value of your strategy given market structure, firm's internal competencies, and industry dynamics. Case studies are used to illustrate successful application of strategies. The teaching method utilizes simulations, gaming, and practical, case based discussions. Topics include: the dynamics of pricing rivalry, entry decisions/entry deterrence, mergers and acquisitions, strategic commitment, product positioning, diversification, networks, make or buy decisions, negotiating and bidding. Antitrust issues will also be addressed.