SMØ3020 - Applied Microeconomics


Examination arrangement

Examination arrangement: Written examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Written examination 100/100 4 hours D

Course content

Game Theory.
Price Competition.
Strategic Effects.
Repeated Price Interaction and Tacit Collusion.
Uncertainty and Expected Utility.
Auction Theory.

Learning outcome

The student knows and understands basic solutions- and equilibrium concepts in game theory and is familiar with the competitive conditions in markets with few and strategically thinking agents.

The student masters the basic analysis of game theory and knows how to apply game theory in order to study competitive strategy for different market participants and different types of markets.

General competence:
The student knows how to apply microeconomics and game theory in order to learn about the choice of strategy of firms in a market economy.

Learning methods and activities

Lectures and exercises.

Further on evaluation

According to the prevailing regulations of NTNU.
Supporting material allowed on exams: Approved calculator regarding NTNUs support material code B-D "specific basic calculator". Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.

Specific conditions

Admission to a programme of study is required:
Business Administration (BØA)
Business Administration (ØABACHELOR)

Course materials

Syllabus: Information is given at the start of the semester.

Credit reductions

Course code Reduction From To
SØ325 6.0 01.08.2005
SØ325 6.0 01.08.2005
More on the course



Version: A
Credits:  7.5 SP
Study level: Third-year courses, level III


Term no.: 1
Teaching semester:  AUTUMN 2020

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Economics and Administration
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
NTNU Business School



Examination arrangement: Written examination

Term Status code Evaluation form Weighting Examination aids Date Time Digital exam Room *
Autumn ORD Written examination 100/100 D 09:00
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU