Click here for further course code explanations and definitions; including The College of Professional Studies course delivery options. This field of mathematics is called optimization. Game theory differs from optimization in that in optimization problems, your payoff depends only on your own choices. Like the field of optimization, game theory is defined by the problems it deals with, not by the mathematical techniques that are used to deal with them.
The techniques are whatever works best. Also, like the field of optimization, the problems of game theory come from many different areas of study. It is nevertheless helpful to treat game theory as a single mathematical field, since the techniques developed for problems in one area, for example evolutionary biology, become available to another, for example economics.
For example, game theory has been used to develop strategies to win money at poker. Often the world is the way it is because people are responding to the rules of the game. Changing the game can change how they act.
For example, rules on using energy can be designed to encourage conservation and innovation. Topics covered will include a procedural system for establishing a new business, providing physical facilities, financing, organizing, and the management of the small business.
The course will require the student to develop a small business plan. Note: Course offering cycles apply to the Adrian campus only. Special attention is given to the role and significance of evaluating consumer needs, target market and opportunity analysis. This course is case-based and helps students to make marketing decisions in the context of general management. General Information. Academic Calendar.
