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Course syllabus - Microeconomics 2

Scope

7.5 credits

Course code

NAA138

Valid from

Autumn semester 2022

Education level

First cycle

Progressive Specialisation

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

Main area(s)

Economics

Organisation

School of Business, Society and Engineering

Ratified

2020-06-25

Revised

2021-12-20

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: 2023-11-09
    • Latest update: 2025-05-27

    Books

    Bergh, Andreas; Jakobsson, Niklas; Gallo, Fredrik

    Modern mikroekonomi: marknad, politik och välfärd

    ISBN: 9789144156804

    LIBRIS-ID: l17zm431jq0v0plj

    Femte upplagan, Lund, Studentlitteratur, 468 sidor

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 make optimal decisions.
* Explain and determine the optimal wages and the employment level under perfect and imperfect labour markets.
* Understand the nature and consequences of general equilibrium and the economic efficiency
* Understand and explain the problems of imperfect and asymmetric information
* Explain the limitations of a market economy to solve market imperfections and how they can be solved.
* Understand and explain some theories of international trade and the welfare effects from free trade and from various barriers to trade policies.

Course content

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

Specific requirements

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

Examination

Written examination (TEN1), 6 credits, grade Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E), Insufficient (F)
Exercises (OVN1), 1,5 credits, marks Passed (G)

A student who has a certificate from MDU regarding disability study support, can request adaptions for the examination. It is the examiner who takes decisions on any adaptions, based on the certificate and other conditions.

Grade

AF-skala

Interim Regulations and Other Regulations

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