ECON4820 - Strategic Competition

Schedule, syllabus and examination date

Choose semester

Course content

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

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

Apply for guest student status if you are admitted to another Master's programme, or have completed a master in Economics at UiO or another Norwegian University.

Overlapping courses

  • 10 credits overlap with ECON535 Imperfekt konkurranse og strategisk interaksjon
  • 10 credits overlap with SØK535 Imperfekt konkurranse og strategisk interaksjon, 3. avd. samfunnsøkonomi
  • 10 credits overlap with SOØ535 Imperfekt konkurranse og strategisk interaksjon, 3. avd. sosialøkonomi

Teaching

Lectures: 2 hours per week throughout the semester.

Seminars: 2 hours per week through parts of the semester.

The lectures and seminars will combine discussion of literature and exercises.

Examination

A 3-hour written school exam.

Previous exams

Examination support material

Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.

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.

Explanations and appeals

It is recommended to request an explanation of your grade before you decide to appeal.

Appeal

Explanation

The deadline to request an explanation is one week after the grade is published. For oral and practical examinations, the deadline is immediately after you have received your grade.

The explanation should normally be given within two weeks after you have asked for it. The examiner decides whether the explanation is to be given in writing or verbally.

Ask for explanation of your grade in this course.

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.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

Facts about this course

Credits

10

Level

Master

Teaching

Every spring

Examination

Every spring

Teaching language

English