EPN-V2

ØASØK4100 Microeconomics Course description

Course name in Norwegian
Mikroøkonomi
Study programme
Master Programme in Business Administration
Oslo Business School, Exchange Programme
Weight
10.0 ECTS
Year of study
2020/2021
Curriculum
FALL 2020
Schedule
Programme description
Course history

Introduction

Gradert skala A - F.

Required preliminary courses

Alle bacheloroppgavene vurderes av to sensorer. 20 prosent av besvarelsene vurderes av en ekstern og en intern sensor. De øvrige vurderes av to interne sensorer. Ekstern sensors vurdering skal komme alle studentene til gode.

Learning outcomes

Knowledge

The student has knowledge of

  • economic theories of consumers' and producers' behaviours
  • analysis of pricing strategies of firms with varying degrees of market power
  • general equilibrium analysis of a market economy
  • concepts and results of non-cooperative game theory

Skills

The student can

  • apply economic theories to analyse complex decision-making problems of consumers and firms
  • formulate strategic behaviours of firms and analyse market outcomes
  • analyse and interpret public policies targeted to address market inefficiencies

Competence

The student can

  • develop insights to apply economic reasoning to address business-related problems
  • communicate with practitioners and policy makers to design and analyse public policies for effective functioning of the market
  • engage in analytical discussions of economic reports, research articles and policy paper

Content

  • Consumer theory
  • Production theory
  • Analysis of competitive markets
  • General equilibrium
  • Behaviour of firms with market Power
  • Game theory and competitive strategy
  • Externality and market failure

Teaching and learning methods

The course material is discussed in lectures.

Course requirements

Successful completion of a mid-term assignment, which includes 4-5 exercises and to be carried out individually or in groups of up to three students. In order to take the final exam, the assignment must be approved by the instructor. Students who fail to qualify, will be given another opportunity to submit a new or improved solution to the mid-term assignment.

Assessment

An individual written 4-hour exam will be held at the end of the semester.

Permitted exam materials and equipment

One dictionary (Native language-English/English-native language or English-English).

Calculator (as specified in regulations for use of calculator).

Grading scale

Letter grading A-F.

Examiners

An internal and an external examiner will grade the exam.

Course contact person

Tapas Kundu