Schedule, syllabus and examination date

Course content

This course is equivalent with ECON3220 - Microeconomics 3 

  • General equilibrium with state-dependent goods
  • Incomplete markets and decisions under uncertainty
  • Games of incomplete information
  • Economics of information

Learning outcome

Knowledge

You should know

  • the theory of choice under uncertainty, including the expected utility theorem
  • different form of non-cooperative games — both with and without complete information — and solution (both equilibrium and non-equilibrium) concepts for each of these classes of games
  • the implication of moral hazard problems and adverse selection.

Skills

You should be able to

  • understand basic concept of decision theory
  • formulate economic problems that involve strategic interaction as non-cooperative games
  • use the appropriate solution concepts in such games
  • formulate economic problems that involve asymmetric information

Competence

You should be able to

  • follow economic reasoning related to the course, for instance when reading professional reports

Admission to the course

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

Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunnsøkonomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.

Formal prerequisite knowledge

You must fulfill one of these prerequisites:

Alternatively

Overlapping courses

Teaching

Lectures and seminars.

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 compulsory activities in order to sit for the exam.

Previous exams

Exam papers with comments from examiner

Examination support material

Resources allowed: From fall 2022: Open book examination, where all printed and written resources are allowed.

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.

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.

More about examinations at UiO

You will find further guides and resources at the web page on examinations at UiO.

Last updated from FS (Common Student System) Mar. 19, 2024 2:51:51 AM

Facts about this course

Level
Master
Credits
10
Teaching
Autumn
Examination
Autumn
Teaching language
English