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2022/2023  BA-BHAAI1099U  Economic and Game Theoretic Policy Analysis

English Title
Economic and Game Theoretic Policy Analysis

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 100
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Karol Szwagrzak - Department of Economics (ECON)
Main academic disciplines
  • Mathematics
  • Political Science
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 25-11-2022

Relevant links
Learning objectives
  • Formulate and apply economic and game theoretic concepts to model and understand the design and implementation of policies and interventions
  • Understand normative theories regarding the goals of public and organizational policies
  • Identify appropriate theories to analyze policy making problems
  • Explain how empirical or case studies relate to theoretical models
Course prerequisites
Basic microeconomics and calculus. Familiarity with basic game theory is helpful.
Examination
Economic and Game Theoretic Policy Analysis:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
There is no limit on the size of the written product. The students have 4 hours at their disposal.
Assignment type Written assignment
Duration 4 hours
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Summer and Summer, Course and exam timetable is/will be available on https:/​/​www.cbs.dk/​uddannelse/​international-summer-university-programme-isup/​courses-and-exams
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Advanced IT application package
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
1st retake: 4 hours sit-in exam, new exam question.
2nd retake: 72 hours home assignment, maximum 10 pages.
Course content, structure and pedagogical approach

The course uses economic and game theoretic tools to introduce business and social science students to the policymaking process. More broadly, the course builds mathematical modelling skills.  By developing general principles for thinking about strategy and policymaking, the lessons of the course can be applied across a wide spectrum of problems where incentive issues are key. Examples include conflict resolution, the design of compensation schemes, counter-terrorism, regulation and tax compliance, and other strategic decision making problems.

 

The course starts by exploring the normative foundations of policymaking—political theory, social choice theory, and the Paretian and utilitarian theories about goals. It then introduces game theoretic models—examining externalities, coordination problems, and commitment problems—that uncover opportunities for policy to improve social welfare. Finally, it studies how the policy making process creates technological and incentive constraints that shape policy outcomes. Throughout, concepts and models are illustrated and reinforced with discussions of empirical evidence and case studies.
Description of the teaching methods
Lectures, exercises
Feedback during the teaching period
Exercises will be assigned every week. Solutions to exercises discussed in class are available to students giving them a chance to check their ability to solve relevant problems. Solutions to these other relevant exercises will also be provided.

The teacher might offer quizzes giving students a quick indication of their understanding of certain topics.
Student workload
Lectures 38 hours
Exam 4 hours
Preliminary assignment 20 hours
Preparation 121 hours
Feedback activity 7 hours
Further Information

ISUP 6 week course

 

Preliminary assignment: The Nordic-9 pre-course is foundational for the summer university and identical for all bachelor courses. Students will receive an invitation with all details by the end of May. The assignment has two parts. 1.) online lectures and tutorials that student can access at their own time and 2.) one synchronous workshop which will be offered both online and in-person at several dates and times before the official start of the summer university courses. Sign-up is first come first serve. All students are expected to complete this assignment before classes begin.

 

 

We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams in start March.
Expected literature

Political Economy for Public Policy (2016) by Ethan Bueno de Mesquita, Princeton University Press
Last updated on 25-11-2022