ØASØK2000 Microeconomics II Course description

Course name in Norwegian
Mikroøkonomi II
Study programme
Bachelorstudium i økonomi og administrasjon / Bachelorstudium i økonomi og administrasjon, for siv.øk.
7.5 ECTS
Year of study
FALL 2023
Course history


The course is an intermediate course in Microeconomics built on the introductory course in Microeconomics 1. 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. Topics include pricing analyses of competitive and non-competitive markets, market power, game theory and its application in analyzing imperfect competition and information problems, and market failure.

Language of instruction is English.

Recommended preliminary courses

The course builds on the introductory course in Microeconomics 1.

Required preliminary courses


Learning outcomes

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


The student has knowledge of

  • the basic economic theories explaining the behaviors of consumers and firms
  • the market structure
  • the economics of information
  • game theory in analyzing strategic behaviour
  • the applications of behavioral economics


The student can

  • use economic concepts to explain consumer and firm behaviour
  • use economic reasoning to discuss economic policies
  • formulate and analyze strategic interactions

General competence

The student can

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

Teaching and learning methods

The course material is discussed in lectures.

Course requirements

No coursework requirements or compulsory activities. 


The exam in the course is a supervised exam of 4 hours.

Permitted exam materials and equipment

The following aids are permitted:

  • One dictionary (native language-English/English-native language or English-English).
  • Calculator (see regulations for the use of calculators in the programme description)

Grading scale

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.

Course contact person

Tapas Kundu