Course code ECN311

ECN311 Microeconomics III

English course information

Søk etter andre emner

Viser emneinfo for studieåret 2018 - 2019.

Emneansvarlige: Kyrre Rickertsen
Studiepoeng: 10
Ansvarlig fakultet: Handelshøyskolen
Frekvens: Annually.
Undervises på språk: EN
(NO=norsk, EN=Engelsk)
Undervises i periode:
The course has teaching/evaluation in the Autumn parallel.
Første gang: Studieår 2007-2008
Fortrinnsrett: M-ECON and M-ØA.
Undervises hvor?: Campus Ås
Emnets innhold:
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 student should know:

- Advanced consumer and producer theory including duality theory

- Derivation and calculation of welfare measures

- Behavior under uncertainty


The student should be able to:

- Formulate  and solve more complex economic problems

- Do microeconomic analysis based on commonly used functional forms

- Use parametric and non-parametric methods

General competence

The student should be able to:

- Follow microeconomic reasoning in reports and articles in applied economics

- Utilize microeconomic reasoning in her or his own work, for example, in analysis needed in a master thesis

Lectures and 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 office hours each week.
  • Hal R. Varian. Microeconomic Analysis, third edition, Norton, 1992.
  • Lecture notes.

The required readings may change.

Forutsatte forkunnskaper:
Microeconomics on the level of ECN210 Intermediate Microeconomics- Consumers, Producers, Market and Welfare/ECN211 Intermediate Microeconomics - Institutions, Games and Market Failures. Mathematics on the level of ECN302 Mathematics for Economists.
Anbefalte forkunnskaper:
Intermediate courses in Economics.
Obligatorisk aktivitet:
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.
Written examination, 3,5 hours (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.
Normert arbeidsmengde:
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.
Hjelpemidler ved skriftlig eksamen(er): B1 Utdelt kalkulator. Ingen andre hjelpem.
Eksamensdetaljer: En skriftlig eksamen: A - E / Ikke bestått