Imperfect Competition and Game Theory

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Here are the overheads for this chapter.

Check your understanding -- multiple-choice questions

You Need to Know

• Chapter 1. Introduction
• Chapter 2. The Neoclassical Perspective
• Chapter 3. Supply and Demand
• Chapter 5. Introduction to The Theory of Demand
• Chapter 7. The Marginal Productivity Approach
• Chapter 8. Cost and Supply
• Chapter 9. Competition
• Chapter 11. Efficient Allocation of Resources
• Chapter 12. Monopoly

1. Introduction
2. Implications of Imperfect Competition
   • Non-Price Competition
   • Decreased Price Competition
3. Monopolistic Competition
4. Oligopoly Prices
5. Game Theory
6. The Prisoners' Dilemma
7. Nash-Equilibrium
8. Cooperative Games
9. A Game Model of Advertising
10. Chapter Summary

More On Game Theory. Some of the game theory material here was adapted from my "introductory sketch" of the topic, originally prepared for an Honors Colloquium on the topic, which takes the subject a bit further with more and more complex examples.

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