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


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.


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.


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.


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

Guidelines for interpreting course guide information