Course code ECN410

ECN410 Microeconomic Theory

Norsk emneinformasjon

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Showing course contents for the educational year 2015 - 2016 .

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:
-
Course frequency: Other, Given on request.
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.
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 and ECN311 Microeconomics III.
Recommended prerequisites:
-
Mandatory activity:
Completed and approved exercises. Active class participation.
Assessment:
Pass/fail based on 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*2 hours each week.
Note:
-
Examiner:
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Examination details: Continuous exam: Bestått / Ikke bestått