The aim of the study of economic uncertainty and game theory is to give insights and understand that can be applied in economic analysis to solve microeconomic problems using a variety of analytical methods and techniques, such as mathematical analysis, with emphasis on the application of the method of maximizing the behavior of economic agents. Moreover, this branch of study can help one become familiarized with the achievements of modern microeconomic theory. In particular, the field of game theory and uncertainty can bridge the knowledge of the methodology of microeconomic analysis useful to further academic and professional training and specialization.
Within the scope of research of economic uncertainty and game theory are: economic theory, microeconomic analysis, methodology, analysis of the theory of demand and supply, analysis of consumer behaviour, production and costs, analysis of equilibrium, welfare analysis, decision-making, and others.
As such, the study of Game Theory is applied with the purpose to acquaint students with the study of foundation for business decision making. As such, it can enable understanding of the principles of strategic decision-making, which can be realized in the administrative application in different business situations. Also, it can be applied to grasp the basic concepts used in describing and exploring all kinds of enterprises to compete on the markets, market entry, negotiations, etc. Trust the experts at Homework Help Australia, get a quote now.