SØK1023
Microeconomic Analysis
Spring
Trondheim
Norwegian
About this course
Content
This course focuses on the behavior of households and firms under different economic constraints. General equilibrium theory is also introduced.
Learning outcomes
Knowledge
You learn
- definitions of key microeconomic concepts
- how the consumer's demand for goods and services is affected by prices and income
- how the firm's supply and it’s demand for inputs are affected by product- and factor prices
- how the microeconomic analytical tools can be applied to specific issues
Skills
You should be able to
- explain the microeconomic concepts and optimal choice of consumers and firms
- analyze specific issues using graphical and mathematical analysis
General competence
You should be able to
- follow economic reasoning related to the course in the public debate and professional reports
Teaching methods
2 hours of lectures every week. Information about tutorials and compulsory activity will be announced at the beginning of the term.