Splash Biography

This will be a basic introduction to game theory, where we will be covering what game theory means, a little background to how it was invented and how to solve common/simple games, potentially involving math if time allows. We will also do a class experiment involving which will involve playing a "game" against your classmates.

Introduction to what economics is Concept of scarcity Free rider problem Moral hazard Different types of goods: public, luxury, normal, inferior Price and cross price elasticity of demand Cover positive and negative externalities Implications for Government policies