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NA0183

Microeconomics and its Applications in Agricultural and Environmental Economics

NA0183 Microeconomics and its Applications in Agricultural and Environmental Economics, 15.0 Credits

Mikroekonomi med tillämpningar inom jordbruks- och miljöekonomi

Syllabus approved

2017-11-15

Subjects

Economics

Education cycle

First cycle

Modules

Title Credits Code
Microeconomics 10.00 1002
Agricultural and environmental economics applications 5.00 1003

Advanced study in the main field

First cycle, at least 60 credits from first-cycle courses as entry requirements(G2F)

Grading scale

5:Pass with Distinction, 4:Pass with Credit, 3:Pass, U:Fail The requirements for attaining different grades are described in the course assessment criteria which are contained in a supplement to the course syllabus. Current information on assessment criteria shall be made available at the start of the course.

Language

English

Prior knowledge

60 hp economics. English 6.

Objectives

The goal of the course is to give students a more profound understanding of economic theory, and to provide students with an understanding of alternative methods for analysing specific policy problems of high current relevance within agricultural and environmental economics.

With successful completion of this course, students will have theoretical microeconomic knowledge and empirical analysis ability.

After successful completion of the course, students will be able to:

- analyze how market supply and demand arise from firm and consumer decisions, and what lies behind these decisions
- analyze duality in microeconomics
- derive and interpret the Slutzky equation
- analyse policy dilemmas from a welfare perspective, in partial and general equilibrium;
- analyse market power in product and factor markets
- account for alternative methods for ex-ante and ex-post analysis of policy problems
- describe and identify central themes in agricultural and environmental economics
- critically evaluate the usefulness of alternative methods for analysing policy targets and economic instruments
- use economic theory to describe economic decisions on agricultural and environmental policy


Content

The course will be implemented by lectures, exercises, seminars and project work

The course consists of the following elements:
- consumption, production, supply, and demand
- the competitive model, general equilibrium, and economic welfare
- market power
- factor markets
- survey of different methods applied for the analysis of approximately four different policy areas in agricultural and environmental economics
- analysis of the strengths and weaknesses of different applied methods in their specific context

Formats and requirements for examination

Passed exam.
Passed project report.
Participation in obligatory seminars and exercises.
  • If the student fails a test, the examiner may give the student a supplementary assignment, provided this is possible and there is reason to do so.
  • If the student has been granted special educational support because of a disability, the examiner has the right to offer the student an adapted test, or provide an alternative assessment.
  • If changes are made to this course syllabus, or if the course is closed, SLU shall decide on transitional rules for examination of students admitted under this syllabus but who have not yet passed the course.
  • For the examination of a degree project (independent project), the examiner may also allow the student to add supplemental information after the deadline. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.

Other information

  • The right to take part in teaching and/or supervision only applies to the course date to which the student has been admitted and registered on.
  • If there are special reasons, the student may take part in course components that require compulsory attendance at a later date. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.

Responsible department

Department of Economics

Further information

Determined by: Programnämnden för utbildning inom naturresurser och jordbruk (PN - NJ)
Replaces: NA0164, NA0166

Grading criteria

To obtain grade 3, the student should be able to:

- analyze how market supply and demand arise from firm and consumer decisions, and what lies behind these decisions,

- analyze duality in microeconomics,

- derive and interpret the Slutzky equation

- analyse policy dilemmas from a welfare perspective, in partial and general equilibrium;

- analyse market power in product and factor markets

- account for alternative methods for ex-ante and ex-post analysis of policy problems

- describe and identify central themes in agricultural and environmental economics

- critically evaluate the usefulness of alternative methods for analysing policy targets and economic instruments

- use economic theory to describe economic decisions on agricultural and environmental policy

To obtain grade 4 the students should be able to demonstrate good knowledge and skills in relation to the requirements for grade 3.

To obtain grade 5 the students should be able to demonstrate very good knowledge and skills in relation to the requirements for grade 3.

A grade U (fail) will be obtained if the student does not fullfil one or more of the criteria for grade 3 and/ or has not completed the requirements stipulated under i) and ii) below.

Requirements for passing the course

In order for the student to fulfil the requirements of the course she/he has to:

i) Write a research proposal satisfying the requirements for a passing grade. The research proposal is graded pass or fail.

ii) Attend and actively participate in the application part of the course consisting of 7 compulsory lectures and seminars. This includes presenting and defending the written research proposal at the final seminar as well as being an active discussant on another student's proposal. Graded pass or fail.

iii) Fullfil the requirements for at least a grade 3 at the written exam. Exams are graded 3, 4, 5, or fail. Note that grades 4 and 5 can only be obtained at the first regular exam and the first re-exam.

The final grade in the course is determined as follows

Grade 3 - passing grade on i), a passing grade on ii) and a grade 3 on the written exam (iii).

Grade 4 - passing grade on i), a passing grade on ii) and a grade 4 on the written exam (iii).

Grade 5 - passing grade on i), a passing grade on ii) and a grade 5 on the written exam (iii).

Course facts

The course is offered as an independent course: Yes The course is offered as a programme course: Agriculture Programme - Economics and Management Business and Economics – Sustainable Development Economics and Management - Bachelor´s Programme Tuition fee: Tuition fee only for non-EU/EEA/Switzerland citizens: 26165 SEK Cycle: First cycle
Subject: Economics
Course code: NA0183 Application code: SLU-30214 Location: Uppsala Distance course: No Language: English Responsible department: Department of Economics Pace: 100%