2289.22 - Intermediate Microeconomics 2

2289.22

Intermediate Microeconomics 2

7.5

Principles of Microeconomics, Mathematics for Economists 1 and 2.

The purpose of the course is to make the students able to read and understand basic economic journal papers, and to use basic microeconomic theory and method in analysis of practical economic questions.

Micro 2 analyses formal, mathematical models of microeconomic questions. The course emphasises training the students independently to use of microeconomic theory in analysis of economic issues. Skeiðið leggur dent á at venja tey lesandi í sjálvstøðugari nýtslu av mikrobúskaparfrøði í greiningum av búskaparligum spurningum. While Micro 1 consisted of a basic treatment of economic models with perfect competiton, Micro 2 widens and nuances this treatment by analysing market failures stemming from market power, strategic interaction, externalities, public goods, or asymmetric information which by construction are excluded from models with perfect competition, and what can be done about these market failures

3 lectures and 2 tutorials per week for 14 weeks. In weekly tutorials, the students present their solutions to assigned exercises from the textbook.

3 lectures and 2 tutorials per week for 14 weeks. In weekly tutorials, the students present their solutions to assigned exercises from the textbook.

3-hour written examination without aids. Students are required to pass a minimum of two assignments in order to attend the exam.

External

7-

Available on Moodle

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