course-details-portlet

AE512317

Advanced Microeconomics

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This course is no longer taught and is only available for examination.

Credits 7.5
Level Second degree level
Language of instruction English
Location Ålesund

About

About the course

Course content

Course content

  • Optimization
  • Consumer theory and utility maximization
  • Producer theory and profit maximization
  • Market theory and equilibrium
  • Findings from modern research of life satisfaction and happiness
  • Welfare-theoretical foundations and assumptions
  • Value of natural resources and circular economics
  • Economic and communicative rationality
  • Economic choices, markets and moral norms

Learning outcome

Learning outcome

Knowledge:

  • Master the terminology of the subject
  • Have comprehensive knowledge of the most common optimization techniques used in microeconomics
  • Have comprehensive knowledge of standard microeconomic theory
  • Understand the concept of economic rationality as one of several types of rationality

Skills:

  • Be able to apply mathematical methods on microeconomic theory
  • Be able to read and understand microeconomic research articles
  • Be able to apply microeconomic concepts and methods on topics/areas not covered in this course
  • Be able to conduct critical analyses of economic models and their underlying assumptions

General competence:

  • Have acquired a profound understanding of microeconomics, and be able to exercise critical reflection connected to standard microeconomic theory.

Further on evaluation

Supporting material allowed on exams:

All course material including textbook and exercises.

Resit exam:

Evaluation form may changed to oral exam depending on the number of candidates.

Course materials

Walter Nicholson and Christopher Snyder: Microeconomic Theory, Basic Principles and Extensions. Cengage Learning. Additional material provided in class.

Subject areas

  • Economics and Administration

Contact information

Course coordinator

Department with academic responsibility

Department of International Business