Print Syllabus

Syllabus

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

Mikroekonomi med tillämpningar inom jordbruks- och miljöekonomi

Subjects

Economics Economics

Education cycle

Bachelor’s level

Modules

Title	Credits	Code
Microeconomics	10.0	0102
Agricultural and environmental economics applications	5.0	0103

Advanced study in the main field

First cycle, has at least 60 credits in first-cycle course/s as entry requirements
Bachelor’s level (G2F)

Grading scale

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

Grading form

The grade requirements within the course grading system are set out in specific criteria. These criteria must be available by the course start at the latest.

Formats and requirements for examination

Passed exam.

Passed project report.

Participation in obligatory seminars and exercises.

• If a student has failed an examination, the examiner has the right to issue supplementary assignments. This applies if it is possible and there are grounds to do so.

• The examiner can provide an adapted assessment to students entitled to study support for students with disabilities following a decision by the university. Examiners may also issue an adapted examination or provide an alternative way for the students to take the exam.

• If this syllabus is withdrawn, SLU may introduce transitional provisions for examining students admitted based on this syllabus and who have not yet passed the course.

• For the assessment of an independent project (degree project), the examiner may also allow a student to add supplemental information after the deadline for submission. Read more in the Education Planning and Administration Handbook.

Other information

• The right to participate in teaching and/or supervision only applies for the course instance the student was admitted to and registered on.

• If there are special reasons, students are entitled to participate in components with compulsory attendance when the course is given again. Read more in the Education Planning and Administration Handbook.

Responsible department

Department of Economics