Upon successful completion of this module, you will be able to:

• Define game theory
• Discuss the prisoners’ dilemma
• Explain the application of game theory in Economics
• List the assumptions of the game theory
• Discuss the strategies of firms
• Define Nash equilibrium
• Contrast cooperative games to non-cooperative games
• List the types of games
• Explain Nash equilibrium numerically
• Define the Minmax strategy
• Contrast normal form games to extensive form games
• Discuss sequential move games