NA0194, Microeconomics III, 7.5 Hp
Print syllabus

Syllabus

Finalized by: Jon Petter Gustafsson, 2022-12-09
Valid from : Autumn semester 2023 (2023-08-28)

Level

First cycle (G2F)

Main field of study

Economics

Grading Scale

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.

Course language

English

Entry Requirements

Objectives

The goal of the course is to give students a more profound understanding of economic microeconomic theory, economic relations, and how the theories can be used to analyze, evaluate and draw conclusions about the behaviour of firms and consumers as well as the effects of public policies.

After successful completion of the course, students should be able to

• use mathematical methods to analyse, evaluate and draw conclusions concerning how market supply and demand arise from firms’ and consumers’ decisions, and what lies behind these decisions

• analyze and apply duality in microeconomics

• derive and interpret central economic relations

• Analyse, evaluate and draw conclusions concerning policy dilemmas from a welfare perspective, in partial and general equilibrium;

• Analyze, evaluate and draw conclusions concerning market power in product and factor markets

Content

*Subject content: *

The course provides a more profound knowledge in microeconomic theory in order to analyse the behaviour of consumers and producers as well as to analyse markets from a welfare perspective. During the course it is emphasised that the students should understand and be able to interpret central economic relations and, given different functional forms, mathematically solve, analyse and draw conclusions about economic problems as well as evaluate the effects of public policies.

The course consists of the following elements:

• consumption, production, supply, and demand

• the competitive model, general equilibrium, and economic welfare

• market power

• factor markets 
  \

*Course implementation: *

The course uses different teaching methods to promote students' learning and discussions through: 
Lectures and exercises.

The course focuses on the following general competences: 
Critical thinking, problem solving and scientific methods.

Examination Formats and Requirements for Passing the Course

Passed written examination.

Responsible Department/Equivalent

Department of Economics

Supplementary information

Module set

Title	Credits	Code
Single module	7.5	0001

The Course Replaces

Part of NA0183