Course

ECN410 Microeconomic Theory

Credits (ECTS):10

Course responsible:Olvar Bergland

Campus / Online:Taught campus Ås

Teaching language:Engelsk

Course frequency:Annually.

Nominal workload:300 hours

Teaching and exam period:This course starts in Spring parallel. This course has teaching/evaluation in Spring parallel.

About this course

The following topics will be covered:

  1. Optimization and prices
  2. Consumer choice and firm behavior
  3. Market equilibrium in exchange and production economies
  4. Dynamic optimization in discrete and continuous time
  5. Uncertainty and risk aversion
  6. 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.
  • Prerequisites
    ECN302 Mathematics for Economists, ECN311 Microeconomics III
  • Recommended prerequisites
    ECN312 Industrial Organisation
  • Assessment method
    The evaluation of the student's effort in the course is pass/fail based on (completed and approved) written exercises.

    Portfolio assessment Karakterregel: Passed / Not Passed
  • Examiner scheme
    External examiner will evaluate the quality of the syllabus, and quality and appropriateness of the questions used in course exercises.
  • Notes
    The course will not be given in study year 2021/2022.
  • Teaching hours
    Lectures: 2 hours each week. Laboratory: 2 hours each week.
  • Admission requirements
    Minimum requirements for entrance to higher education in Norway (generell studiekompetanse)