Course responsible:Knut Einar Rosendahl
Campus / Online:Taught campus Ås
Nominal workload:250 hours
Teaching and exam period:This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
About this course
- Knowledge about game theory, including core terminology and examples of games
- Knowledge about different types of market power and characteristics of these
- Understanding of what is meant by social surplus, Pareto optimality and the relationship between competitive markets and welfare
- Knowledge about the role of bounded rationality and uncertainty, and their impacts on decisions
- Knowledge about different types of asymmetric information, and which impacts this may have
- Understanding about externalities and public goods, and implications for policy design
- Be able to find equilibria in different types of games
- Be able to derive market equilibria with different types of market power
- Be able to perform various calculations related to uncertainty, asymmetric information, externalities and public goods
- Use basic mathematics to solve economic problems
- Be able to explain economics relationships by using words and figures
Teaching at campus without streaming
Lectures, exercise lessons and annual guest lectures from i.a. the Competition Authorities.
- Exercise lessons.
ECN110 Microeconomics I or equivalent,
ECN102 Introduction to mathematics/ MATH100 Introductory mathematics or equivalent
- Final written in-class examination (3,5 hours) accounts for 100% of the grade.
- External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
- Five out of six exercises must be approved. The exercises is valid until the next time the course is given.
- Lectures: 4 hours per week. Exercises: 2 hours per week.
- Letter grades
- Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).