ECON3200 - Microeconomics and Game Theory

Schedule, syllabus and examination date

Choose semester

Course content

  • Production and consumer theory based on duality theory
  • Some partial equilibrium analysis
  • Some theory for decisions under uncertainty
  • Game theory, including theory and concepts for non-cooperative games in the normal and extensive forms, including games of incomplete information

Learning outcome

Knowledge
You should know

  • the basic results in production and consumer theory, and how these results can be derived using duality theory
  • the theory of uncertainty, including the axioms of the expected utility theorem
  • the basic concepts and results of non-cooperative game theory
  • different form of non-cooperative games — both games in the normal and extensive forms and with and without complete information — and solution (both equilibrium and non-equilibrium) concepts for each of these classes of games

Skills
You should be able to

  • do basic microeconomic analysis based on techniques from duality theory, including deriving the main results in production and consumer theory
  • understand the concept of risk aversion as well as the difference between risk and uncertainty
  • formulate and solve simple economic problems involving consumers and producers and the interaction between them
  • formulate economic problems that involve strategic interaction as non-cooperative games
  • use the appropriate solution concepts in such games

Competence
You should be able to

  • follow economic reasoning related to the course, for instance when reading professional reports
  • recognize the difference between well founded knowledge and weakly founded opinions

Admission

Students who are admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.

If you are not already enrolled as a student at UiO, please see our information about admission requirements and procedures.

This course is not available for single course students.

Prerequisites

Formal prerequisite knowledge

Students must have completed ECON2200 - Matematikk 1/Mikro 1 (MM1) (discontinued) or MAT1100 - Calculus and ECON1500 - Innføring i samfunnsøkonomi for realister or MAT1700 - Introduction to micro and macro economics (discontinued) in order to attend this course.

Recommended previous knowledge

It is recommended that the students have either completed or takes the course simultaneously with ECON3120 - Mathematics 2: Calculus and Linear Algebra/  ECON4120 - Mathematics 2: Calculus and Linear Algebra.

Overlapping courses

Teaching

Lectures: 2 hours per week throughout the semester.

Seminars: 2 hours per week through parts of the semester.

Compulsory tuition activities:

  • A compulsory term paper.

If the compulsory term paper is not approved, you may be given a second attempt to hand in a new term paper/improve the term paper within a short deadline. 

When the compulsory term paper is approved, the result will be registered. The term paper will be valid for 8 consecutive semesters.

See The Faculty of Social Sciences' rules regarding compulsory tuition activities.

Candidates who have passed the course before autumn 2016 and wish to re-take the exam need to get the term paper approved before they can re-take the exam.

Absence from compulsory tuition activities

If you are ill or have another valid reason for being absent from compulsory tuition activities, your absence may be approved or the compulsory activity may be postponed.

Access to teaching

A student who has completed compulsory instruction and coursework and has had these approved, is not entitled to repeat that instruction and coursework. A student who has been admitted to a course, but who has not completed compulsory instruction and coursework or had these approved, is entitled to repeat that instruction and coursework, depending on available capacity.

Examination

A 3-hour written school exam.

You must have passed the mandatory activities in order to sit for the exam.

Previous exams

 

Use of sources and citation

You should familiarize yourself with the rules that apply to the use of sources and citations. If you violate the rules, you may be suspected of cheating/attempted cheating.

Examination support material

Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.

Language of examination

The examination text is given in English.You may submit your response in Norwegian, Swedish, Danish or English.

Grading scale

Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.

Explanations and appeals

It is recommended to request an explanation of your grade before you decide to appeal.

Appeal

Explanation

The deadline to request an explanation is one week after the grade is published. For oral and practical examinations, the deadline is immediately after you have received your grade.

The explanation should normally be given within two weeks after you have asked for it. The examiner decides whether the explanation is to be given in writing or verbally.

Ask for an explanation about the grade in this course

Ask for an explanation about the grade for postponed exam in this course

Resit an examination

If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.

There are restrictions on resitting this exam. See further information about resitting an exam.

Withdrawal from an examination

It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.

Special examination arrangements

Application form, deadline and requirements for special examination arrangements.

Other

This is a master's level course, but still open for bachelor's students with sufficient background in mathematics and microeconomis.

ECON3200 - Microeconomics and Game Theory is the course code for bachelor students

ECON4200 - Microeconomics and Game Theory is the course code for master students

Facts about this course

Credits

10

Level

Bachelor

Teaching

Every autumn

Examination

Every autumn

Teaching language

English

Contact

SV-info