Managerial Economics | Oligopoly | Game Theory
Study collusive and non-collusive oligopolistic markets as well as aspects of financial game theory in this free managerial economics course.
This free course in managerial economics focuses on oligopoly and game theory, and gets you into the world of the oligopolistic market that allows only a few sellers. Grapple with price leadership and game theory, the process of modelling the strategic interaction and decision making between players in a situation containing set rules and outcomes. The course also covers the famous ?Prisoner?s Dilemma? to highlight the difficulty of co-operation.
What You Will Learn In This Free Course
Oligopoly
Oligopoly, which is a market with few sellers, is covered in this module. Oligopoly is about the behaviour of firms within a group. You will learn about Collusive Oligopoly and Non-collusive Oligopoly. You will also learn about the various models within each group of Oligopoly. Price leadership within the Collusive Oligopoly will be highlighted.
Oligopolistic Game Theory
This module is about the Oligopolistic Game Theory. You will learn about how individuals (firms) make decisions being aware that their actions affect each other. You will also learn about the strategy proposed by Nash and the resulting equilibrium. The prisoners? dilemma will be highlighted.
Course assessment
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