Universität Wien

040236 UK Strategic thinking in practice (BA) (2025S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle
Tu 29.04. 09:45-11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock

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

  • Tuesday 11.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 13.03. 08:00 - 09:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 25.03. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 27.03. 08:00 - 09:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 01.04. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 08.04. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 06.05. 08:00 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 08.05. 08:00 - 09:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 27.05. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 10.06. 09:45 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 12.06. 08:00 - 09:30 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 24.06. 08:00 - 11:15 Hörsaal 16 Oskar-Morgenstern-Platz 1 2.Stock

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.
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. Discussions in class 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.

Assessment and permitted materials

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

Mid-Term: May 6, 2025 during lecture hours
End-Term: June 24, 2025 during lecture hours

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
https://sites.google.com/view/lkockesen/home/teaching/undergraduate-game-theory

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: We 02.04.2025 09:45