Course code ECN410

ECN410 Microeconomic Theory

Norsk emneinformasjon

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Showing course contents for the educational year 2022 - 2023 .

Course responsible: Olvar Bergland
ECTS credits: 10
Faculty: School of Economics and Business
Teaching language: EN
(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: Not given in Spring 2022, will be given next time in Spring 2023.
First time: Study year 2015-2016
Preferential right:
Course contents:

The following topics will be covered:

  • Optimization and prices
  • Consumer choice and firm behavior
  • Market equilibrium in exchange and production economies
  • Dynamic optimization in discrete and continuous time
  • Uncertainty and risk aversion
  • Strategic equilibrium with symmetric or asymmetric information
Learning outcome:
The objective of this course is to give the successful student a deep understanding and command of the core of microeconomic theory: maximizing behavior and equilibrium outcomes.
Learning activities:
Lectures, laboratory, exercises and presentations.
Teaching support:
The teacher is available during office hours.
Selected chapters from J. G. Riley (2012): Essential Microeconomics. Cambridge University Press, Cambridge.
ECN302 Mathematics for Economists, ECN311 Microeconomics III
Recommended prerequisites:
ECN312 Industrial Organisation
The evaluation of the student's effort in the course is pass/fail based on (completed and approved) written exercises.
Nominal workload:
300 hours
Entrance requirements:
Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)
Type of course:
Lectures: 2 hours each week. Laboratory: 2 hours each week.
The course will not be given in study year 2021/2022. 
External examiner will evaluate the quality of the syllabus, and quality and appropriateness of the questions used in course exercises.
Examination details: Portfolio assessment: Passed / Not Passed