Universität Wien
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040236 UK Strategic thinking in practice (BA) (2021S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
REMOTE
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Wednesday 03.03. 18:30 - 20:00 Digital
  • Thursday 04.03. 16:45 - 18:15 Digital
  • Wednesday 10.03. 18:30 - 20:00 Digital
  • Thursday 11.03. 16:45 - 18:15 Digital
  • Wednesday 17.03. 18:30 - 20:00 Digital
  • Thursday 18.03. 16:45 - 18:15 Digital
  • Wednesday 24.03. 18:30 - 20:00 Digital
  • Thursday 25.03. 16:45 - 18:15 Digital
  • Wednesday 14.04. 18:30 - 20:00 Digital
  • Thursday 15.04. 16:45 - 18:15 Digital
  • Wednesday 21.04. 18:30 - 20:00 Digital
  • Thursday 22.04. 16:45 - 18:15 Digital
  • Wednesday 28.04. 18:30 - 20:00 Digital
  • Thursday 29.04. 16:45 - 18:15 Digital
  • Wednesday 05.05. 18:30 - 20:00 Digital
  • Thursday 06.05. 16:45 - 18:15 Digital
  • Wednesday 12.05. 18:30 - 20:00 Digital
  • Wednesday 19.05. 18:30 - 20:00 Digital
  • Thursday 20.05. 16:45 - 18:15 Digital
  • Wednesday 26.05. 18:30 - 20:00 Digital
  • Thursday 27.05. 16:45 - 18:15 Digital
  • Wednesday 02.06. 18:30 - 20:00 Digital
  • Wednesday 09.06. 18:30 - 20:00 Digital
  • Thursday 10.06. 16:45 - 18:15 Digital
  • Wednesday 16.06. 18:30 - 20:00 Digital
  • Wednesday 23.06. 18:30 - 20:00 Digital
  • Thursday 24.06. 16:45 - 18:15 Digital
  • Wednesday 30.06. 18:30 - 20:00 Digital

Information

Aims, contents and method of the course

Strategic thinking means to make choices when influenced by the choices of others. Hence, your favorite choices will depend on how others choose. The objective of this course is to consider strategic thinking in everyday life situations, in practice, and to model and understand the strategic concerns. We will also be practicing making our own strategic decision making live in class using an app.
Topics include where to meet a friend if you forgot to agree on a meeting place, when to pay for the delivery of a good you are ordering online and how to bid in an auction. Students will be asked to bring their own examples too.
Each lecture will start with a small story, a video, a song or a proverb (Sprichwort) and then students start discussing what strategic choices are involved and how to solve the possible conflicts. Live games using the app will help develop an understanding of how to anticipate what others do and thus to improve own decision making.
The course is not following a text book.

There is no formal requirement. But, you should have some basic knowledge of game theory, so you should only take this course after you have taken our bachelor game theory class. You need to bring an internet mobile device or a laptop to be able to play in the live games.

Assessment and permitted materials

Midterm 35%, Final 35%, Class participation and home works 30%

Mid-Term: Thursday, April 22, 16.45 - 20.00 h
End-Term: Wednesday, June 30, 16.45 - 20.00 h

Students wishing to do so, will be offered a "makeup possibility” for the final exam. The date for this makeup will be in September. This makeup exam will be counted instead of the final, hence the grade can be improved and worsened.

Minimum requirements and assessment criteria

see above

Examination topics

material covered in class and mentioned as reading in class

Reading list

To brush up your game theory skills:
Game theory for applied economists, Gibbons, 1992.
Kokesen, L. and E. Ok. 2007. An Introduction to Game Theory. Online lecture notes http://home.ku.edu.tr/~lkockesen/teaching/econ333/lectnotes/uggame.pdf
To read other stories:
Thinking Strategically: Competitive Edge in Business, Politics and Everyday Life by Dixit and Nalebuff, 1991
Coopetition by Brandenburger and Nalebuff, 1996

Association in the course directory

Last modified: Fr 12.05.2023 00:12