SAM2 Microeconomics

Autumn 2021

  • Topics

    The course contains the following parts: (i) theory of consumer behavior, (ii) theory of producer behavior, and (iii) market theory. In part (i) the basic concepts in consumer theory are introduced and used to study the demand for goods and services. In part (ii) we look at the firm's demand for inputs and supply of output, using theories of cost minimization and profit maximization. Part (iii) analyzes different kinds of markets: perfect competition, monopoly, oligopoly, and game theory.

  • Learning outcome

    The course gives an introduction to modern microeconomic theory of consumer and firm behavior and the functioning of markets under perfect competition, monopoly, and oligopoly.

    Upon completion of the course, the student shall:


    • Have knowledge about the key models in consumer, producer, and market theory


    • Be able to use microeconomic theory to analyse relevant problems

    General competence:

    • Be able to communicate microeconomic analysis in a clear way


ECTS Credits
Teaching language

Spring. Offered spring 2021

Exam every semester.

Course responsible

Professor Kjetil Bjorvatn, Department of economics.