Course code ECN311

ECN311 Microeconomics III

Norsk emneinformasjon

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Showing course contents for the educational year 2016 - 2017 .

Course responsible: Kyrre Rickertsen, Daniel Muluwork Atsbeha, Kyrre Rickertsen
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
(NO=norsk, EN=Engelsk)
Teaching exam periods:
The course has teaching/evaluation in the autumn parallel.
Course frequency: Annually.
First time: Study year 2007-2008
Preferential right:
M-ECON and M-ØA.
Course contents:
The course extends the material covered in intermediate courses in microeconomics. Special emphasis is put on duality theory in economics. The lectures cover the theory of the consumer, welfare measures, the theory of the producer, and behavior under uncertainty.
Learning outcome:
The theory introduced in intermediate courses in microeconomics is further developed in ECN311. The course will give the students basic training in solving economic problems related to supply, demand, and input demand. The focus is on applying rather than proving theory. The course gives a basis for further studies in, for example, development, resource, and environmental economics.
Learning activities:
There are lectures. Furthermore, independent work such as reading the textbook and solving problem sets are important parts of the course. The students are encouraged to work in groups, but the problem sets have to be turned in for individual grading. It is important to get started with all the activities early in the semester.
Teaching support:
The lecturer will have two office hours each week.
Syllabus:
Eugene Silberberg and Wing Suen. The Structure of Economics - A Mathematical Analysis, Irwin McGraw-Hill, third edition, 2001.Hal R. Varian. Microeconomic Analysis, third edition, Norton, 1992.Lecture notes.

The required readings may change.

Prerequisites:
Microeconomics on the level of ECN210/ECN211. Mathematics on the level of ECN302 (Mathematics for Economists).
Recommended prerequisites:
Intermediate courses in economics.
Mandatory activity:
Five problem sets must be graded as passed before taking the final examination. The problem sets are valid the year they are passed and the next year.
Assessment:
The grades will be set on the basis of a 3.5 hour written examination (100 %).
Nominal workload:
300 hours. About 50 hours are used to structured activities while 250 hours are unstructured time that the students should allocate to reading and solving problems.
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).
Type of course:
There are four hours of lectures and exercises per week. About 60% of the time will be allocated to lectures and 40% to exercises.
Examiner:
The course is evaluated by an internal examiner. An 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