The course is based on lectures and exercises. In addition, the course contains counting cabinets linked to the mathematical content of the course. The course also includes a number of assignments where students are given the opportunity to apply their knowledge.
FME3544 Microeconomics 7.5 credits
Information per course offering
Course offerings are missing for current or upcoming semesters.
Course syllabus as PDF
Please note: all information from the Course syllabus is available on this page in an accessible format.
Course syllabus FME3544 (Spring 2019–)Headings with content from the Course syllabus FME3544 (Spring 2019–) are denoted with an asterisk ( )
Content and learning outcomes
Course disposition
Course contents
The course develops a formal mathematical framework for the analysis of price formation, the efficiency of markets and the strategic interaction on markets. The mathematical production is based on optimization and multivariable analysis. The course starts with a brief overview of these fields.
The following themes are treated:
- Consumer and producer theory
- Competition
- Theory of general equilibrium
- Welfare analysis
- Strategic behaviour and game theory
- Information asymetries
Intended learning outcomes
On completion of the course, the student should:
- Be able to use and derive advanced microeconomics theory to analyse market competition, technological change and productivity growth, with mathematically formalised models.
- Be able to describe and apply formal mathematical models to prognosticate how supply and demand for specific goods will develop.
- Have knowledge of duality and optimisation for modern applied economical analysis.
- Have knowledge and tool to analyse welfare economics effects of technical and commercial development.
- Be able to use game theory for the analysis of strategic decisions.
- Be able to use advanced microeconomics theories and models
- Have knowledge how these can be applied for decision making in company, for example by engineers in managerial position
Literature and preparations
Specific prerequisites
University studies of at least 180 higher education credits of which at least 30 credits in mathematics / statistics / qualitative analysis or equivalent and documented proficiency in English B or equivalent.
Literature
You can find information about course literature either in the course memo for the course offering or in the course room in Canvas.
Examination and completion
Grading scale
P, F
Examination
- TEN1 - Exam, 7.5 credits, grading scale: P, F
- ÖVN1 - Exercises, 0.0 credits, grading scale: P, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
If the course is discontinued, students may request to be examined during the following two academic years.
Examiner
No information inserted
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
Further information
Course room in Canvas
Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.
Offered by
Education cycle
Third cycle