ECON3820 – Strategic Competition
This course is equivalent with ECON4820 – 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.
You should know
- short-run competition, including price competition and quantity competition
- dynamic competition, including tacit collusion
- product differentiation
- 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
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
- 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
Students at UiO must apply for courses in Studentweb.
If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.
You can not attend this course if you have already passed specific ECON-courses at a higher level.
Formal prerequisite knowledge
- ECON3200 – Microeconomics and Game Theory (discontinued)/ECON4200 – Microeconomics and Game Theory (discontinued)
Recommended previous knowledge
The course is based on prior knowledge in microeconomics and mathematics corresponding to ECON3200 – Microeconomics and Game Theory (discontinued) / ECON4200 – Microeconomics and Game Theory (discontinued) and ECON3120 – Mathematics 2: Calculus and Linear Algebra /ECON4120 – Mathematics 2: Calculus and Linear Algebra. Students who do not have this prior knowledge are advised not to take this course.
- 10 credits overlap with ECON4820 – Strategic Competition
- 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 SOO535 - Imperfekt konkurranse og strategisk interaksjon, 3. avd. sosialøkonomi
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.
A 3-hour written school exam.
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.
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.
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 for postponed exam 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.
There are restrictions on resitting this exam. See further 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.
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.