After the course, the student will know how to present and solve problems in microeconomics using formal notation: The course begins with firm's and consumer's optimisation problems and these actors' relationships to the market. The latter part of the course focuses on general-equilibrium analysis.

-Optimisation of the firm: cost minimisation and profit maximisation
-Optimisation of the consumer: cost minimisation and utility maximisation
-Roles of firms and consumers in the market
-General equilibrium

1. Material mentioned during lectures.

2. Cowell, Frank (2018): Microeconomics - Principles and Analysis, 2nd edition. Oxford University Press. (chapters 1-7; the 1st edition can also be used)

3. Gravelle, Hugh & Rees, Ray (2004): Microeconomics, 3rd edition. Financial Times Press Prentice Hall. (only applicable parts; earlier editions can also be used)

The study module consists of two courses 5 ECTS per course. Courses are lectured in teaching periods 1 and 2 (autumn semester 2018). The first part is compulsory for all. Students majoring in economics must take both of the courses.

The first course exam: Thu Oct 4 at 9 - 12 in Pinni r. A3103
First retake: Tue Nov 13 at 4 - 8 p.m. in main building D10a+b Sign up at NettiOpsu
Second retake: Mon Dec 17 at 8 a.m. - 12 p.m. in main building D10a+b Sign up at NettiOpsu

(Some places for master level exchange students majoring in economics. A lot of previous studies in microeconomics, macroeconomics and mathematical economics is required.)