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Regular version of the site
Bachelor 2024/2025

Methods of Decision-Making

Type: Compulsory course (Public Administration)
Area of studies: Public Administration
When: 3 year, 1, 2 module
Mode of studies: distance learning
Online hours: 8
Open to: students of one campus
Language: English
ECTS credits: 4
Contact hours: 52

Course Syllabus

Abstract

The course includes main notions and stages of decision making, relevant mathematical models and methods, namely, multicriterial models, matchings, network analysis, fair division, game-theoretic models and application of these models in different real-life situations. Learning Objectives: To familiarize students with basic concepts, models and methods of decision making.
Learning Objectives

Learning Objectives

  • Know principles of mathematical models construction in decision analysis
  • Be able to choose rational options in practical decision-making problems
  • Have skills in analysis of game-theoretic models
Expected Learning Outcomes

Expected Learning Outcomes

  • 1 - Know principles of mathematical models construction in decision analysis
  • 2 - Be able to choose rational options in practical decision-making problems
  • 3 - Have skills in analysis of game-theoretic models
Course Contents

Course Contents

  • Topic 1
  • Topic 2
  • Topic 3
  • Topic 4
  • Topic 5
  • Topic 6
  • Topic 7
  • Topic 8
Assessment Elements

Assessment Elements

  • non-blocking Homework
  • non-blocking Test 1
  • non-blocking Test 2
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • 2024/2025 2nd module
    0.5 * Exam + 0.05 * Homework + 0.05 * Homework + 0.2 * Test 1 + 0.2 * Test 2
Bibliography

Bibliography

Recommended Core Bibliography

  • An introduction to game theory, Osborne, M. J., 2009
  • Utility maximization, choice and preference : with 49 figures and 28 tables, Aleskerov, F., 2007

Recommended Additional Bibliography

  • Theory of choice, Aizerman, M., 1995

Authors

  • Myachin Aleksey Leonidovich
  • ALESKEROV FUAD TAGI OGLY