The course extends the material covered in intermediate courses in microeconomics. Special emphasis is put on duality theory in economics. The lectures cover the theory of the consumer, welfare measures, the theory of the producer, and behavior under uncertainty.

The theory introduced in intermediate courses in microeconomics is further developed in ECN311. The course will give the students basic training in solving economic problems related to supply, demand, and input demand. The focus is on applying rather than proving theory. The course gives a basis for further studies in, for example, development, resource, and environmental economics.

There are lectures. Furthermore, independent work such as reading the textbook and solving problem sets are important parts of the course. The students are encouraged to work in groups, but the problem sets have to be turned in for individual grading. It is important to get started with all the activities early in the semester.

The lecturer will have two office hours each week.

Microeconomics on the level of ECN210/ECN211. Mathematics on the level of ECN302 (Mathematics for Economists).

Intermediate courses in economics.

Five problem sets must be graded as passed before taking the final examination. The problem sets are valid the year they are passed and the next year.

The grades will be set on the basis of a 3.5 hour written examination (100 %).

The course is evaluated by an internal examiner. An external examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.

300 hours. About 50 hours are used to structured activities while 250 hours are unstructured time that the students should allocate to reading and solving problems.

Minimum requirements for entrance to higher education in Norway (generell studiekompetanse).

There are four hours of lectures and exercises per week. About 60% of the time will be allocated to lectures and 40% to exercises.