ECON3210 – Decisions, markets and incentives
Course description
Course content
Topics include:
- Decisions under uncertainty and asymmetric information - theory and applications.
- Applied game theory, with emphasis on strategic interaction in markets with imperfect competition
Learning outcome
To give the students ability to understand and explain how uncertainty and asymmetric information affects an agent's decision . Students should also be able to analyse simple problems. The course will also give knowledge about central concepts in game theory, such as Nash equilibrium, and train the students in solving simple games themselves. In particular, the students will learn to solve problems from markets with strategic interaction, be able to find the equilibrium in such markets and derive the changes that follows from exogenous changes
Admission
Students who are admitted to study programmes 51ºÚÁÏ must each semester register which courses and exams they wish to sign up for .
If you are not already enrolled as a student 51ºÚÁÏ, please see our information about .
Prerequisites
Formal prerequisite knowledge
ECON2200 – Matematikk 1/Mikro 1 (MM1) (discontinued) or MAT1100 – Calculus and MAT1700 – Introduction to micro and macro economics (discontinued)
Recommended previous knowledge
ECON2130 – Statistikk 1 or equivalent (STK1100 – Probability and Statistical Modelling or STK1000 – Introduction to Applied Statistics).
Overlapping courses
- 10 credits overlap with ECON4210 – Decisions, markets and incentives (discontinued)
- 10 credits overlap with SØKMTL ³§²¹³¾´Ú³Ü²Ô²Ô²õø°ì´Ç²Ô´Ç³¾¾± mellomfagstillegg
- 10 credits overlap with SOØMTL / SOØMTL95 / SOØMTL99 Sosialøkonomi mellomfagstillegg
Teaching
Lectures: 2 hours per week throughout the semester.
Seminars: 2 hours per week through parts of the semester.
At least two times during the semester the students will use the lectures and the seminars for solving problems in groups with the teacher present.
Examination
A 3-hour written school exam.
Examination support material
No examination support material is allowed.
Language of examination
The problem set will be given in English. Answers can be given in Norwegian, Swedish, Danish or in English. See § 5.4 in Regulations governing studies and examinations at the University of 51ºÚÁÏ.
Grading scale
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about .
Explanations and appeals
Resit an examination
Students who might wish to retake the exam later, are not guaranteed that the course is ever repeated with a similar reading list, nor that the exam arrangement will be the same.
Withdrawal from an examination
It is possible to take the exam up to 3 times. If you after the deadline or during the exam, this will be counted as an examination attempt.
Special examination arrangements
Application form, deadline and requirements for .
Other
This is a course on master level, but still open for bachelor students with sufficient background in mathematics. ECON3210 – Decisions, markets and incentives (discontinued) is the course code for the bachelor students. ECON4210 – Decisions, markets and incentives (discontinued) is the course code for the master students.