Study Programme conducted in English at Molde University College 2009/2010

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SØK710 Industrial Organization

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Course Code
SØK710

Course Name
Industrial Organization

Credits
7.50

Prerequisites

Basic micro economics.

Semester
Autumn

Location
Molde

Language Instruction
English

Language Assignments and Evaluation
English

Language Literature
English

Instruction
3 hours of lectures per week.

Evaluation
One compulsory assignment that counts 30% of the final grade. 4-hour written final examination that counts 70%. The final grade is a calculated a weighted sum of the grades given, regardless of a pass / non pass in the individual grades given.

Grades
Letter (A - F)

Learning outcome

To provide insight into modern idustrial organization theory in order to enable the students to analyse strategic interactions among firms operating in makets with less than perfect competition.

Content

The course provides an introduction to basic (non-cooperative) game theory, which is applied to the study of strategic interaction among firms operating in imperfectly competitive markets. Topics:

  • Basic non-cooperative game theory
  • Tactical decisions regardin what and how much to supply
  • Tactical decisions regarding what price to charge, including tacit collusion
  • Strategic decisions in order to avoid or limit competition