Studyinfo subject ØASØK2000 2023 HØST
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
- Programme description
- 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
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
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.
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)
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