course-details-portlet

AE512317 - Advanced Microeconomics

About

Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours D

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.

More on the course

No

Facts

Version: 1
Credits:  7.5 SP
Study level: Second degree level

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: English

Location: Ålesund

Subject area(s)
  • Economics and Administration
Contact information
Course coordinator:

Department with academic responsibility
Department of International Business

Examination

Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 D INSPERA
Room Building Number of candidates
Spring UTS School exam 100/100 D INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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