AØKA08085U  Advanced Microeconomics

Volume 2013/2014
Education
MSc in Economics
Content
The course in Advanced Microeconomics aims to provide the student with solid knowledge about microeconomics. The student is presented to general equilibrium theory and applications at an advanced level. Modelling of consumers and firms, existence of equilibria and properties of equilibria are basic issues. The applications may include financial markets and dynamic economics.

As an advanced course in microeconomics, the student sees how formal theory may be used to study basic economic issues and how assumptions influence the outcome of the analysis. While the scope of the course is mainly theoretical, it is related to practical issues as the theory provides a starting point for analysis of markets. The course therefore offers the student a good foundation for analytical positions in various organizations.
Learning Outcome
At the end of the course, the student will be able to formalize and analyze different market structures. For successful completion of the course, the student should demonstrate a reasonable insight into general equilibrium theory and be able to use presented material to analyze relevant problems. The very good student should demonstrate a deep understanding of general equilibrium and should be able to connect, combine or adapt general ideas and concepts to other market structures.
Mas-Colell A., Whinston M.D and Green J.R, "Microeconomic Theory", Oxford University Press 1995 ,ch 1-5 and ch 15-17

Borglin, A. "Economic Dynamics and General Equilibrium" , 2004, Springer Verlag, ch 1-4.

4 hours of lectures and 2 hours of classes per week for 7 weeks.
Credit
7,5 ECTS
Type of assessment
Written examination, 3 hours under invigilation
3 hours written exam taking place at Peter Bangs Vej 36.
Aid
Without aids
Marking scale
7-point grading scale
Censorship form
External censorship
100 % censurship
Exam period
Will be updated before the start of the semester
Re-exam
Same as ordinary. But if only a few students have registered for the re-exam, the exam might change to an oral exams with a synopsis to be handed in. This means that the examination date also will change.
Criteria for exam assesment
The Student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
  • Category
  • Hours
  • Lectures
  • 28
  • Class Exercises
  • 14
  • Preparation
  • 161
  • Exam
  • 3
  • Total
  • 206