After completing the course the students will:
- demonstrate good insight in the mathematics of optimization
- be able to use different optimization methods, such as profit maximization and cost minimization, - be able to interpret concepts such as duality and the envelope theorem.
- be able to use different functions, such as the indirect utility function, the expenditure function and the cost function.
- the first and second welfare theorem
- apply comparative static analysis
- be able to analyse situations and changes in an imperfect market.

The purpose of the course is to present analytical models and methods within microeconomic theory. The course can be seen as a continuation of the microeconomic courses presented at a previous level. One important difference to the earlier course is the use of more formal analytical methods. Furthermore, general equilibrium and welfare theory are given more attention.

Written exam and assignments.