3 hours of lectures per week.
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.
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.
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