Applied Microeconomics

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

Knowledge: 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.

Skills: 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.

Lectures and exercises.