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Course syllabus - Applied Microeconomics

Scope

7.5 credits

Course code

NAA129

Valid from

Autumn semester 2018

Education level

First cycle

Progressive Specialisation

G1N (First cycle, has only upper-secondary level entry requirements).

Main area(s)

Economics

School

School of Business, Society and Engineering

Ratified

2016-01-28

Revised

2018-01-22

Status

This syllabus is not current and will not be given any more

Literature lists

Course literature is preliminary up to 8 weeks before course start. Course literature can be valid over several semesters.

    • Ratified date: 2021-10-27
    • Latest update: 2021-10-27

    Books

    Pindyck, Robert S.; Rubinfeld, Daniel L

    Microeconomics

    9. ed., Global ed. : Harlow : Pearson Education Limited, 2018 - 781 sidor

    ISBN: 9781292213316 LIBRIS-ID: 21573410

    9'th edition
    The two printings from 2017 and 2018 have the same content. Either one is fine to use.

    Mandatory

    • Ratified date: 2019-10-01
    • Latest update: 2019-10-01

    Books

    Pindyck, Robert S.; Rubinfeld, Daniel L

    Microeconomics

    9. ed., Global ed. : Harlow : Pearson Education Limited, 2018 - 781 sidor

    ISBN: 9781292213316 LIBRIS-ID: 21573410

Objectives

The aim of this course is to learn how microeconomics principles can be used to analyse, explain and suggest optimal solutions within various economic topics.

Learning outcomes

Upon the completion of the course the students will be able to: 
* Explain and show how consumers with various risk preferences, make optimal decisions.
* Explain and show how firms in imperfect markets, such as oligopoly and monopolistic competition, make optimal decisions.
* Explain and show the optimal wages and the employment level under competitive and imperfect labour markets.
* Explain the nature and consequences of general equilibrium and the economic efficiency (Pareto optimality)
* Explain the problems of imperfect and asymmetric information (mainly moral hazard and principal-agent problems).
* Explain the limitations of a market economy to solve the externalities (such as environmental problems and the management of natural resources), and the advantages and disadvantages of various environmental policy tools.
* Explain and show the classical and neoclassical theory of international trade.
* Explain and show the welfare effects from free trade and the welfare losses from various barriers to trade measures, as well as the income distribution from free and regulated trade.

Course content

The course covers various topics such as: Uncertainty and Consumer Behaviour; Price Discrimination; Monopolistic Competition; Oligopoly; Game Theory; General Equilibrium and Economic Efficiency; Asymmetric Information; Externalities; Classical and neo-classical trade theories; Barriers to Trade.

Tuition

Written examination (TEN1), 6 credits, marks Fail (U), Passed (G) or Passed with distinction (VG
Assignment (INL1), 1,5 credits,  marks Fail (U) or Passed (G)

Requirements

Studies in Mathematics of 3 years from Upper Secondary School with a Science profile and a TOEFL test result, minimum score 575 with a TWE score of at least 4,5 (PBT) or 90 with a TWE score of at least 20 (iBT)/IELTS test result with an overall band score of minimum 6,5 and no band score below 5,5.

Grade

Pass with distinction, Pass, Fail

Interim Regulations and Other Regulations

The course overlaps 7,5 credits with: 
NAA100 Microekonomics
NAA125 Microekonomics 2

4 credits with: 
NAA114 Environmental Economics
NAA109 Environmental Economics 
NAA118 Environmental Economics

2 credits with 
NAA113 Trade Theory and International Finance
NAA119 International Economics

1,5 credits with: 
NAA111 Microeconomic theory
NAA121 Microeconomics
NAA123 Microeconomic theory
NAA107 Microeconomics

It is desirable that you have studied Microeconomics 1.