ØASØK2000 Microeconomics II Course description

The course is an intermediate course in Microeconomics built on the introductory course in Microeconomics I. The course takes an analytical approach to study microeconomics. It intends to develop rigorous, logical reasoning to understand economic concepts. While a majority of the economic theories are treated verbally and graphically, simple models based on elementary calculus are also introduced to examine certain economic issues in detail.

The tuition is in English.

The course builds on the introductory course in Microeconomics I

None.

After completing the course, the student should have the following overall learning outcomes defined in terms of knowledge, skills and general competence:

Knowledge

The student has knowledge of

• the basic economic theories explaining behaviours of consumers and firms
• the market structure
• the economics of information
• game theory in analysing strategic behaviour
• the applications of behavioural economics

Skills

The student can

• use economic concepts to explain consumer and firms- behaviour
• use economic reasoning to discuss economic policies
• formulate and analyse strategic interactions

General competence

The student can

• develop insights to critically address economic issues
• engage in analytical discussions of economic policies

• Market structure
• Perfect competition
• Market power
• Game theory
• Imperfect competition
• Information economics
• Behavioural economics

The course material is discussed in lectures.

No coursework requirements.

The exam in the course is:

A supervised exam of 4 hours.

A list of reference aids allowed will be published on our website.

Grade scale A - F.

The exam papers are assessed by one internal and one external examiner.

At least 25% of the exam papers will be assessed by two examiners. The grades awarded for the papers assessed by two examiners form the basis for determining the level for all the exam papers.

Tapas Kundu