ECON4210 – 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 at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.
Prerequisites
Formal prerequisite knowledge
Bachelor’s degree in Economics, or equivalent. ECON2200 – Matematikk 1/Mikro 1 (MM1) (discontinued)
Recommended previous knowledge
Overlapping courses
- 10 credits overlap with ECON3210 – Decisions, markets and incentives (discontinued)
- 10 credits overlap with S?KMTL Samfunns?konomi mellomfagstillegg
- 10 credits overlap with SO?MTL / SO?MTL95 / SO?MTL99 Sosial?konomi 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 Oslo.
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 the grading system.
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 withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.
Special examination arrangements
Application form, deadline and requirements for special examination arrangements.