Schedule, syllabus and examination date

Choose semester

Course content

This course is equivalent with ECON3220 – Microeconomics 3.

  • Analyzing consumer and producer behavior using duality theory
  • General equilibrium with application to taxation
  • Decisions under uncertainty
  • Games of incomplete information
  • Economics of information

Learning outcome


You should know

  • how to derive the basic results in production and consumer theory using duality theory
  • how to apply duality theory to derive basic results of optimal taxation in a general equilibrium setting
  • 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.


You should be able to

  • do basic microeconomic analysis based on techniques from duality theory
  • analyze taxation in general equilibrium
  • 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


You should be able to

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


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.

Apply for guest student status if you are admitted to another Master's programme, or have completed a master in Economics at UiO or another Norwegian University.


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.


A 3-hour written school exam.

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

Previous exams

Digital examination

The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements in Inspera.

Read more about written examinations using Inspera.

Examination support material

No examination support material is 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.

Explanations and appeals

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



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.

Resit an examination

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.


The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.

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

ECON3220 – Microeconomics 3 is the course code for bachelor students

ECON4220 – Microeconomics 3 is the course code for master students

Facts about this course






Every autumn


Every autumn

Teaching language