This course is concerned with strategic thinking, strategic decision-making and understanding strategy situations involving conflict and/or cooperation.

Strategy has proved useful in many areas of economics, business, political science, law, and social psychology. This course is an interaction of game theory, economics and strategic management.

  • Basic game theory
  • Oligopoly competition
  • Analysis of market structure
  • Collusion
  • Strategic Alliances
  • Organisation design
  • Competitive dynamics
  • Strategic asymmetries
  • Value chain analysis and vertical relations
  • Vertical integration and transaction cost
  • Entry and entry deterrence
  • Research and Development
  • Technology adoption
  • Network Effects

If you complete the course successfully, you should be able to:

  • use tools of strategic analysis and game theory to value and analyse strategic options in real life

In particular, you should be able to:

  • anticipate the actions of a rational (that is, individually profit-maximising) rival and act accordingly.
  • Cabral, Luis M.B. Introduction to Industrial Organization. MIT Press.
  • Besanko, D., D. Dranove, M. Shanley and S. Shaefer. Economics of Strategy. Wiley. or Saloner, G., A. Shepard and J. Podolny. Strategic Management. Wiley.
  • Shapiro, C. and H. Varian. Information Rules. HBS Press.
  • Articles from Economics and Management journals available online to students will complement the textbooks for the majority of chapters in the subject guide.

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