Game Theory and Oligopoly

Challenge your young economists with a problem on oligopolies and game theory in which they determine two sample firms' dominant strategies and options for maintaining and lowering prices.

What are oligopolies, and how do they use game theories in order to strategize and consider how competitors will respond? Check out this well-produced video in which a fantastic presenter uses clips from the film The Dark Knight, as well...

Kenneth Waltz's 1979 book An Introduction of International Politics used game theory and rational calculation to discuss international relations. Learn more about the ways states rely on trust to interact with each other,...

Take your knowledge of monopolies off the board game and into economic concepts with an engaging video from Crash Course Economics. It explains the philosophy behind government regulations of monopolies and horizontal integration, the...

Before you delve into a series of videos on microeconomics and imperfect competition, watch this video to get a general overview of the unit's key points, such as how demand in a monopoly is identified on a graph, oligopolies, and...

Game theorists will love the challenge proposed in this video. Every player has the same information (common knowledge) and must guess the closest whole number that represents 2/3 of the average of all numbers other players guessed.

Practice what you've learned about oligopolies and the basics of game theory, such as Nash equilibrium, in this four-question exercise.

Watch Sal Khan work through a free response question (FRQ) for AP Microeconomics on the topic of game theory. [13:32]

Crash Course video talks about what constitutes an oligopoly and how it is different from a monopoly. [9:55]

We deepen our understanding of a Nash Equilibrium by exploring Pareto optimality and more on Nash Equilibrium in this video. [9:20]