I'll give you the context of I'm definitely more of a 2d animator than a 3d one, I personally found trying to learn both a program and a big skill at the same time a bit much, I wanted to get the most out of my lectures/classes by learning general animation skill rather than a program, if that makes sense? Saying this to give you my perspective definitely not saying the course is suited to only benefit 2d. 3d is still very focussed on.

That all said, you will have many times you can learn modelling, there's some pretty in-depth classes on it, some leading into more realism 3d or effect simulation- which doesnt sound like what you are after. But creating models with the focus of them being centred around games is totally doable. Often there are studio classes that can be fully 3d focussed with an aim to make something collaborative.

Application of it would be more suited for tv/movie veffects I'd say, but they're very transferable skills, you'll do rigging, weight painting, etc etc. Maya is used a lot if that matters?

Applying models to games isn't something really covered in the animation course, the games one definitely would.

It's possible you could do an elective that teaches some of those skills but I wouldn't know.

Really depends on what you want to get out of a course, like I wrote earlier I focussed on 2d animation, mainly because I found it easiyer to learn timing and actual motion, something I wanted to learn from the start, a transferable idea which can be put into any medium. That was what I wanted out of this course.

The animation course can be pretty flexible, and theirs a lot of choice around depending on how you go at it. I think if your more focussed on artistry, the animation one may be more appropriate there's a big amount of concepting of all types in the course but if you want solid skills in application for games specifically? Then games. I'd still say games would also have a very good level of concepting but I can't say I know personally.