Upon completion of the course, the student is expected to have a sound understanding of the formal core theories of microeconomics.
Innehåll: This course provides deeper insights into the core elements of microeconomic theory such as consumer demand, producer supply and general equilibrium analysis. It emphasizes mathematical analysis in developing the theory, but also explores its relationship with graphical analysis and formal economic reasoning.The course begins with the mathematics of optimisation, the models of consumer and firm behaviour, and moves on to market coordination of individual decisions. The model is closed with the theory of general competitive equilibrium. While the course focuses on the theoretical framework of microeconomic analysis, there will also be some applications presented to illustrate the use of these analytical tools.
The course consists of a series of lectures and problem solving sessions.
The course will be concluded by a written exam. There are three grades: pass with distinction (VG), pass (G) and fail (U).