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Course syllabus - Applied Microeconomics

Scope

7.5 credits

Course code

NAA142

Valid from

Autumn semester 2024

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

2024-01-18

Literature lists

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

    • Ratified date: 2024-06-27
    • Latest update: 2024-06-27

    Books

    URL: Paketerbjudanen/Bundle offers

    Bundle deal 1 with code GCA5024L (Printed and e-book of the main book + e-book of the supplementary book + Access to the publisher's e-resources ‘Achieve' activated with the time of the purchase and valid for 12 months):

    - Goolsbee et al. Microeconomics 4th edition pack, ISBN 9781319557157 (Printed book + 12 months Achieve access card including e-book)
    - Cowen and Tabarrok, Modern Principles of Microeconomics 6th edition, ISBN 9781319552220 (12 months Achieve instant access including e-book with the course code: ouz9ns)

    URL: Paketerbjudanen/Bundle offers

    Bundle deal 2 with code GCP5524L (e-book of the main book + e-book of the supplementary book + Access to the publisher's e-resources ‘Achieve' activated with the time of the purchase and valid for 12 months):

    - Goolsbee et al. Microeconomics 4th edition pack ISBN 9781319545871 (12 months Achieve instant access including e-book with the course code: aj4zch)
    - Cowen and Tabarrok, Modern Principles of Microeconomics 6th edition, ISBN 9781319552220 (12 months Achieve instant access including e-book with the course code: ouz9ns)

    Goolsbee, Austan; Levitt, Steven D.; Syverson, Chad

    Microeconomics

    Fourth edition. : New York, NY : Worth Publishers, [2024] - xxix, 561 pages, various pagings

    ISBN: 9781319527426 LIBRIS-ID: r97cs7hsprhs9rht

    UK ISBN 9781319544294

    Mandatory

    Cowen, T.; Tabarrok, A.

    Modern principles of Microeconomics

    Macmillan Learning, 2024

    ISBN 9781319544379, 6th edition
    Supplementary

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 firms in imperfect markets, such as oligopoly and monopolistic competition, make optimal decisions.
* Explain and show the optimal wages and the employment level in the labour market.
* Explain the nature and consequences of general equilibrium, trade and the economic efficiency (Pareto optimality).
* Explain the problems of imperfect and asymmetric information.
* Explain the problems with externalities and how they can be solved.
 

Course content

The course covers various topics such as: consumer behaviour, price discrimination, monopolistic competition, oligopoly, game theory, general equilibrium and economic efficiency, asymmetric information, externalities.

Requirements

Basic eligibility and English 6, Mathematics 3b or 3c or Mathematics C

Examination

Written examination (TEN1), 6 credits, Grades: Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E), Insufficient (F) (learning outcomes 1-5) 

Assignment (INL1), 1,5 credits, Grades: Fail (U) or Pass (G) (learning outcomes 1-5) 

A student who has a certificate from MDU regarding a disability has the opportunity to submit a request for supportive measures during written examinations or other forms of examination, in accordance with the Rules and Regulations for Examinations at First-cycle and Second-cycle Level at Mälardalen University (2020/1655). It is the examiner who takes decisions on any supportive measures, based on what kind of certificate is issued, and in that case which measures are to be applied.

Suspicions of attempting to deceive in examinations (cheating) are reported to the Vice-Chancellor, in accordance with the Higher Education Ordinance, and are examined by the University’s Disciplinary Board. If the Disciplinary Board considers the student to be guilty of a disciplinary offence, the Board will take a decision on disciplinary action, which will be a warning or suspension.

Grade

Excellent, Very good, Good, Satisfactory, Sufficient, Insufficient, complementary work possible, Insufficient

Interim Regulations and Other Regulations

The course overlaps 7,5 credits with: 
NAA100 Microekonomics
NAA125 Microekonomics 2
NAA129 Applied Microeconomics

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.