ECN211 Intermediate Microeconomics - Institutions, Games and Market Failures
Showing course contents for the educational year 2014 - 2015 .
Course responsible: Knut Einar Rosendahl
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: NO
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 2007-2008
1. Introduction - economics and institutions. 2. Game theory. 3. Monopoly and regulation. 4. Oligopoly. 5. The emergence of perfect competition. 6. Welfare theory. 7. Risk, uncertainty and insurance markets. 8. Non-rational behaviour. 9. Informational market failures. 10. Externalities and public goods.
To be able to understand and analyse market behaviour and market organisation, and why and how governments should regulate business behaviour.
Lectures. Mini-experiments. Practical exercises - exercise lessons.
Web support. Exercise lessons.
Schotter: Microeconomics. A Modern Approach.
ECN110 or equivalent course in Microeconomics.
Final written examination: 3,5 hours.
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Reduction of credits:
Type of course:
Lectures: 4 hours per week. Exercises: 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