Course code ECN110

ECN110 Introduction to Microeconomics

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Showing course contents for the educational year 2016 - 2017 .

Course responsible: Mette Wik
Teachers: Atle Guttorm Guttormsen
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: Study year 2005-2006
Preferential right:
Course contents:
The course consists of the following subjects: The behaviour of the consumer. The behaviour of the producer. Different markets with emphasis on perfect competition and monopoly. Welfare theory, especially about market success and failure.
Learning outcome:

This is an introductory course in microeconomics.

The aim of the course is to give the student i) an overview of the most important concepts and models in microeconomics, (ii) the first training to formulate and solve microeconomic problems and, (iii) good qualifications for further studies in economics.

Learning activities:
The course consists of lectures, exercises and supporting web sites. The purpose of the exercises is to apply the theories presented in the lectures to specific problems, and to activate the students.
Teaching support:
Tutorials and web site.
Frank/Bernanke: Principles of Microeconomics or McDowell, Thom, Frank and Bernanke: Principles of Economics
Recommended prerequisites:
A good background in mathematics will make it easier for students to acquire economic theories.
Mandatory activity:
The students need to submit and pass 7 out of 10 assignments. The assignments should be submitted in Fronter within the deadline and will be graded by teaching assistants. Approved assignments will be valid for two years.
Written examination, 3.5 hours (100%).
Nominal workload:
150 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Reduction of credits:
ECN111 - 5 ECTS, ECN101 - 3 ECTS, EDS140 - 3 ECTS
Type of course:
Lectures: 2 hrs per week for 12 weeks. Exercises: 2 hrs per week in smaller groups.
An external examiner will control the curriculum, the exam and the answer keys. External assessment conducted by professionals from other institutions will help ensure the quality of the academic level.
Allowed examination aids: Calculator handed out, no other aids
Examination details: One written exam: A - E / Ikke bestått