| Institute of Food and Resource Economics | |||||||||||||
| Earliest Possible Year | 4 | ||||||||||||
| Duration | 1 semester | ||||||||||||
| Credits | 6 (ECTS) | ||||||||||||
| Course Level | Joint BSc and MSc Bachelor course for students of Agricultural Economics. | ||||||||||||
| Examination | written examination No aid allowed Description of Examination: 13-point scale, external examiner Dates of Exam: | ||||||||||||
| Organisation of Teaching | Lectures: 1 teaching module per week. Exercises: 2 hours per week. | ||||||||||||
| Block Placement | F3, spring Wednesdays at 3-5 pm. | ||||||||||||
| Teaching Language | English | ||||||||||||
| Optional Prerequisites | 096718 Economics 010311 Linear Algebra 095311 Production Economics | ||||||||||||
| Course Objectives | |||||||||||||
| The students should gain a thorough knowledge of and a confidentiality with formal Economic Theory, enabling them to design and analyze simple economic models, as well as to assume a critical stance to the assumptions behind said models. | |||||||||||||
| Course Contents | |||||||||||||
| With a base in the course "Samfundsøkonomi" (or the equivalent thereof), central Micro Economical problems are presented in an abstract fashion. Common themes are the decision of the individual agent and correlations between agents (consumers, producers and various goods/markets). We consider the ways in which the perfect market functions (Perfect Competition), and we deal with imperfections in the sense of Imperfect Competition and Incomplete Information. In this connection, we introduce Game Theory, as it is at a stepping stone to many of the models we deal with. We also present an introduction to Contract Theory, in which we analyze the meaning of asymmetric information. | |||||||||||||
| Teaching And Learning Methods | |||||||||||||
| Lectures and exercises. | |||||||||||||
| Course Litterature | |||||||||||||
| Gravelle and Rees, "Microeconomics", second edition (or the newest), Prentice Hall, 1992. Lecture notes. | |||||||||||||
| Course Coordinator | |||||||||||||
| Mikkel Godt Gregersen, mgg@kvl.dk, Institute of Food and Resource Economics/International Economics and Policy Division, Phone: 35286818 | |||||||||||||
| Study Board | |||||||||||||
| Study Committee NSN | |||||||||||||
| Course Scope | |||||||||||||
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