ECON5200 – Advanced Microeconomics
Course description
Schedule, syllabus and examination date
Choose semester
Course content
This course has joint teaching with ECON9200 – Advanced Microeconomics (discontinued)
This is an advanced course in microeconomic theory. The course covers the main topics of microeconomics from consumer and producer behavior, partial and general equilibrium, behavior under uncertainty, game theory and asymmetric information.
Topics
- Preferences, choice and demand.
- Production.
- Partial equilibrium.
- Expected utility.
- Static games.
- Dynamic games and beliefs.
- Market power and product differentiation.
- Adverse selection, signaling and screening.
- Principal agent problems.
- General equilibrium and welfare.
- Existence and uniqueness of equilibrium.
- General equilibrium under ucertainty.
- Intertemporal equilibrium.
Learning outcome
Knowledge outcomes
You will learn the fundamental methods and theories of microeconomics, and be provided with the basic tools and concepts required to understand scientific papers at the research frontier of microeconomic theory. The course cannot bring you to the frontier of all topics within microeconomic theory, but will give you sufficient knowledge to read papers on the frontier and thus be able to acquire knowledge of the frontier of most areas in microeconomics.
Skills
The student should be able to read and understand scientific papers representing the research frontier of microeconomic theory.
Admission
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.
Prerequisites
Formal prerequisite knowledge
- Bachelor's degree in Economics, or equivalent.
- ECON3220 – Microeconomics 3 / ECON4220 – Microeconomics 3 or equivalent.
Recommended previous knowledge
- Students who do not have ECON3120 – Mathematics 2: Calculus and Linear Algebra / ECON4120 – Mathematics 2: Calculus and Linear Algebra or equivalent, are advised not to take this course.
Overlapping courses
- 5 credits overlap with ECON5210
- 10 credits overlap with ECON9200 – Advanced Microeconomics (discontinued)
For PhD-candidates: 2,5 credits against ECON9210A and 2,5 credits against ECON9210B
Teaching
Lectures.
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
Students will be evaluated by means of portfolio assessment, based on an assignment that will be given towards the end of the course.
Exam papers with comments from examiner
Submit assignments in Inspera
You submit your assignment in the digital examination system Inspera. Read about how to submit your assignment.
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.
Language of examination
The examination text is given in English, and you submit your response in English.
Grading scale
Students on masters level are awarded on a descending scale using alphabetic grades from A to E for passes and F for fail. Students who would like to have the course approved as part of the requirement for admission to our phd-program, must obtain the grade C or better. Students who would like to have the course approved as a part of our phd-program, must obtain the grade B or better. Students on phd-level are awarded either a passing or failing grade. The pass/fail scale is applied as a separate scale with only two possible results.
Explanations and appeals
Resit an examination
Special examination arrangements
Application form, deadline and requirements for special examination arrangements.
Evaluation
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.
Other
This course prepares for the Ph.D. program. It provides a head start for last-year master students who intend to continue with a Ph.D.