Skip to main content
Course

ECN410 Microeconomic Theory

Credits (ECTS):10

Responsible faculty:Handelshøyskolen

Course responsible:Olvar Bergland

Campus / Online:Taught campus Ås

Teaching language:English

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.

  • Syllabus

    Selected chapters from J. G. Riley (2012): Essential Microeconomics. Cambridge University Press, Cambridge.

  • 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

  • About use of AI

    K3 - Full use of AI.

    Use of AI is permitted, but must be in accordance with the guidelines for use of artificial intelligence (AI) at NMBU

    Descriptions of AI-category codes.

  • 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)