ECN311 Microeconomics III
Credits (ECTS):10
Course responsible:Kyrre Rickertsen
Campus / Online:Taught campus Ås
Teaching language:Engelsk
Course frequency:Annually
Nominal workload:250 hours. About 50 hours are used to structured activities while 200 hours are unstructured time that the students should allocate to reading and solving problems.
Teaching and exam period:This course starts in Autumn parallel. This course has teaching/evaluation in Autumn parallel.
About this course
Learning outcome
Knowledge
- Deep knowledge about the fundamental theories and methods used in applied microeconomics related to topics within consumer and producer behavior and expected utility theory. This knowledge is required to understand scientific papers in the core areas of applied microeconomics.
Skills
- Derive results of producer and consumer theory using duality theory.
- Derive welfare measures.
- Conduct microeconomic analysis based on commonly used functional forms.
- Calculate welfare measures.
- Do comparative statics by using parametric and non-parametric methods.
- Apply the expected utility theory to various decision-making problems.
General competence
- Formulate researchable economic problems.
- Develop the knowledge to follow economic reasoning in reports and articles in applied economics.
- Develop the knowledge to utilize economic reasoning in his/her own work, for example, in courses in applied economics and the work with the master thesis.
- Develop the knowledge to detect logical flaws in economic reasoning and analysis.
- Develop an economic mindset based on analytical, logical, and critical thinking.
Learning activities
Teaching support
Prerequisites
Recommended prerequisites
Assessment method
Examiner scheme
Mandatory activity
Notes
Teaching hours
Admission requirements