ECON4820 – Strategic Competition
Course description
Schedule, syllabus and examination date
Course content
This course is equivalent with ECON3820 – Strategic Competition
The course provides an overview of theories of oligopolistic markets and teaches the students how to analyse and apply the major (game theoretic) models of strategic interaction in imperfectly competitive markets.
Learning outcome
Knowledge
You should know
- short-run competition, including price competition and quantity competition
- dynamic competition, including tacit collusion
- product differentiation
- advertising
- entry deterrence and entry accommodation
- static competition under asymmetric information
- entry deterrence under asymmetric information
- incentives for research and development under imperfect competition
- mergers, including merger policy
- the relationship between producers and retailers under imperfect competition
- some basic game theory needed to address the above-mentioned topics
Skills
You should be able to
- obtain analytical skills related to the modeling of imperfect competition
- represent topical issues related to imperfect competition, including competition-policy cases, in terms of simple models of imperfect competition
- solve these simple models and deduce their implications
Competence
You should
- be able to read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course
- be able to make use of the course content in your own academic work, for example in analyses that are part of the master’s thesis
Admission to the course
Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunns?konomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.
Formal prerequisite knowledge
- ECON3220 – Microeconomics 3 / ECON4220 – Microeconomics 3, or equivalent.
Overlapping courses
- 10 credits overlap with SO?535.
- 10 credits overlap with S?K535.
- 10 credits overlap with ECON535.
- 10 credits overlap with ECON3820 – Strategic Competition.
Teaching
Lectures and seminars.
The lectures and seminars will combine discussion of literature and exercises.
Examination
A 3-hour written school exam.
Exam papers with comments from examiner
Examination support material
Usage of a dictionary during the examination is allowed, subject to prior inspection by SV-info.?See guidelines for further details.
Language of examination
The examination text is given in English. You may submit your response in Norwegian, Swedish, Danish or English.
Grading scale
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Resit an examination
If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.
See also our information about resitting an exam.
More about examinations at UiO
- Use of sources and citations
- Special exam arrangements due to individual needs
- Withdrawal from an exam
- Illness at exams / postponed exams
- Explanation of grades and appeals
- Resitting an exam
- Cheating/attempted cheating
You will find further guides and resources at the web page on examinations at UiO.