Course code ECN211

ECN211 Intermediate Microeconomics - Institutions, Games and Market Failures

Norsk emneinformasjon

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Showing course contents for the educational year 2015 - 2016 .

Course responsible: Knut Einar Rosendahl
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 has teaching/evaluation in Autumn parallel.
Course frequency: Annually
First time: Study year 2007-2008
Preferential right:
Course contents:
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.
Learning outcome:
To be able to understand and analyse market behaviour and market organisation, and why and how governments should regulate business behaviour.
Learning activities:
Lectures and exercise lessons. Three compulsory exercises must be passed.
Teaching support:
Web support. Exercise lessons.
Schotter, A. (2009): Microeconomics. A Modern Approach. First edition. Cengage Learning
ECN110 or equivalent course in Microeconomics.
Recommended prerequisites:
Mandatory activity:
Three out of four exercises must be approved.
Final written examination: 3,5 hours (100%).
Nominal workload:
300 hours
Entrance requirements:
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