Micro Theory, 7.5 hp

A justified question is how a elementary course in microeconomics differ from an intermediate one like this. Fact is that almost all elements in this course is already covered in the elementary course. What differ is however how the elements are presented and how deep the theoretical relationships are analyzed. Let’s take an example from the consumption theory. On basic level, the relationship between consumer preferences, how they act and demand for a commodity was presented in a general way. However, in this intermediate course different kinds of preferences are studied in detail and also how they in turn explain the appearance of demand. In this profound way, also other areas, such as production theory and welfare analysis, will be studied. This means that students get a deeper knowledge and increased understanding of how the microeconomic theories can be used in order to analyze and solve various microeconomic issues facing them.