Course code ECN210

ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare

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Showing course contents for the educational year 2016 - 2017 .

Course responsible: Mette Wik
Teachers: Sigurd Henning Rysstad
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Limits of class size:
Teaching exam periods:
This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.
Course frequency: Annually
First time: Study year 2003-2004
Preferential right:
Course contents:
Part I: Markets and prices. Part II: Consumer theory. Part III: Producer theory. Part IV: Market structure and competitive strategy. Part V: General equilibrium, economic efficiency and market failure.
Learning outcome:
The course aims to give a basic introduction to microeconomic theory: (a) Consumer theory. (b) Producer theory. (c) Perfect competition and monopoly. (d) Welfare economics. Most applied courses in economics and business economics are based on microeconomics. This course will, hopefully, help the student to: (i) Acquire an overview over the most important concepts and models in microeconomics. (ii) Learn to formulate and solve microeconomic problems graphically and mathematically. iii) Acquire good qualifications for further studies in economics.
Learning activities:
Lectures, exercise sessions.
Teaching support:
Lecture notes, assignments, past years exams.
Pindyck, R.S. and D.L. Rubinfeld: Microeconomics. Pearson or Pindyck, R.S., D.L. Rubinfeld og T. Synnestvedt: Introduksjon til Mikroøkonomi. Pearson.
MATH100 Introductory Mathematics. It is an advantage but not required to have some background in microeconomics, for instance equivalent to ECN110.
Recommended prerequisites:
A good background in mathematics will make it easier for students to acquire economic theories. We normally recommend that students take courses in mathematics.
Mandatory activity:
The students need to submit and pass 7 out of 10 assignments. The assignments must be submitted in Fronter before deadline and will be graded by a teaching assistant. Approved assignments are valid for two years.
Written examination, 3,5 hours (100%).
Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Type of course:
Lectures: 4 hours per week for 12 weeks. Exercise sessions: 2 hours per week.
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Allowed examination aids: Calculator handed out, no other aids
Examination details: One written exam: A - E / Ikke bestått