ØSS116 Advanced Microeconomics

Contents and structure

This course is based on and complements BØA203 Mikroøkonomi (the basic course in Microeconomics). The aim of the course is to provide a thorough understanding of the market economy.

Content

• Basic game theory
• Markets with imperfect competition
• Markets with asymmetric information
• Factor markets
• General equilibrium

Learning Outcome

On completion of this course students will have:

Knowledge:

• Basic microeconomic theory
• Basic concepts of microeconomics and game theory
• Analysing and solving non-cooperative games
• Analysing the perfomance of markets with limited competition
• Analysing the perfomance of markets with asymmetric information
• Analysing markets for factor inputs
• Analysing the interaction between markets by means of general equilibrium theory

Skills:

• Formulate, illustrate, solve and apply microeconomic, general equilibrium and game-theoretic models
• Critical reflection on markets and economic events

Competence:

• On completion of this course students will be able to use abstract models

Entry requirements

None.

Recommended previous knowledge

BØA203 Mikroøkonomi or similar course in Microeconomics.

Teaching methods

Lectures and problem solving.

Compulsory learning activities

2 out of 3 written submissions must be approved before taking the exam. 

Assessment

5 hour written exam. The exam may be digital. Information regarding time and location is to be found on Studentweb. Grading: A-F

Examination support material

All calculators are allowed, with the following exceptions/limitations

- the calculator can not communicate

- the calculator can not handle symbolic mathematical expressions

- the calculator will not be connected to electricity

- the calculator can not make noise in the exam facilities

More about examination support material