MG409 Half Unit
Auctions and Game Theory (formerly OR409)
This information is for the 2015/16 session.
Teacher responsible
Prof Richard Steinberg NAB 3.08
Availability
This course is available on the MSc in Applicable Mathematics, MSc in Management, MSc in Management (CEMS MIM), MSc in Management Science (Decision Sciences), MSc in Management Science (Operational Research) and MSc in Management and Strategy. This course is available as an outside option to students on other programmes where regulations permit.
This course is capped. Students on the waiting list will be selected based on their academic background.
Pre-requisites
Students should have a course equivalent to LSE course Quantitative Methods (Mathematics) (MA107), which covers techniques of calculus (differentiation, partial differentiation, optimisation and integration), methods of linear algebra (use of matrices), and the solution of differential equations, with emphasis on their application to economic problems.
Course content
The course provides an introduction to auctions and game theory. Topics covered are: non-cooperative game theory; cooperative game theory; social choice; auctions; and combinatorial auctions.
Teaching
16 hours of lectures and 12 hours of seminars in the LT. 2 hours of lectures in the ST.
A reading week will take place during Week 6. There will be no teaching during this week.
Formative coursework
Very full lecture notes are provided, and every week a set of problems is given out in the lecture. These are discussed in the following seminars (OR409.A).
Indicative reading
Recommended books are: K.G. Binmore, Playing for Real: A Text on Game Theory; Alan D. Taylor, Social Choice and the Mathematics of Manipulation; and P. Cramton, Y. Shoham, and R. Steinberg, Combinatorial Auctions.
Assessment
Exam (100%, duration: 2 hours) in the main exam period.
Key facts
Department: Management
Total students 2014/15: Unavailable
Average class size 2014/15: Unavailable
Controlled access 2014/15: No
Value: Half Unit
