Teaching PowerPoints
Oligopoly and Game Theory
- Level:
- A-Level
- Board:
- AQA, Edexcel, OCR, IB
Last updated 21 Mar 2021
A revision presentation on aspects of game theory applied to an oligopoly
Students should be able to:
- Use simple game theory to illustrate the interdependence that exists in oligopolistic markets
- Understanding the prisoners’ dilemma and a simple two firm/two outcome model. Students should analyse the advantages/disadvantages of being a first mover
- Students will not be expected to have an understanding of the Nash Equilibrium
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