Advanced Microeconomics

Course content - Optimization - Consumer theory and utility maximization - Producer theory and profit maximization - Market theory and equilibrium - Findings from modern research of life satisfaction and happiness - Welfare-theoretical foundations and assumptions - Value of natural resources and circular economics - Economic and communicative rationality - Economic choices, markets and moral norms

Learning outcome Knowledge: - Master the terminology of the subject - Have comprehensive knowledge of the most common optimization techniques used in microeconomics - Have comprehensive knowledge of standard microeconomic theory - Understand the concept of economic rationality as one of several types of rationality Skills: - Be able to apply mathematical methods on microeconomic theory - Be able to read and understand microeconomic research articles - Be able to apply microeconomic concepts and methods on topics/areas not covered in this course - Be able to conduct critical analyses of economic models and their underlying assumptions General competence: - Have acquired a profound understanding of microeconomics, and be able to exercise critical reflection connected to standard microeconomic theory.