Course - Industrial Economics and Game Theory - TIØ4155
Industrial Economics and Game Theory
About
About the course
Course content
The behavior of monopoly: Pricing, product selection, quality and advertising. Price discrimination and the monopoly's choice of two-part tariff. Vertical control in a value chain: incentives to integrate vertically in a value chain. Strategic interactions between a limited number of actors or different forms oligoplolistic competition: Dynamic price competition and tacit collusion; Product differentiation - price competition and non-price competition; Entry, accomomodation and exit.
Learning outcome
The course intends to enhance the students ability to analyse decisions of different economic actors interacting in strategic settings where they compete and/or cooperate.
Learning methods and activities
The teaching and the discussions in the class room is partly based on hand outs produced by the teacher. Part of the teaching activity is based on the studentens own presentation of relevant topics. The students get individual tutoring before giving their presentation in the class room and individual evaluations afterwards.
Compulsory assignments
- Exercises
Recommended previous knowledge
TIØ4126 Optimization and Decision Support. The course requires familiarity with microeconomic analysis and mathematics.
Course materials
Jean Tirole: The theory of industrial organisation.
Eric Rasmusen: Games and Information
Credit reductions
| Course code | Reduction | From |
|---|---|---|
| SIS1026 | 7.5 sp |
Subject areas
- Technological subjects
- Economics
Contact information
Course coordinator
Lecturers
Department with academic responsibility
Department of Industrial Economics and Technology Management