Print Syllabus

Syllabus

NA0194 Microeconomics III, 7.5 Credits

Mikroekonomi III

Subjects

Economics

Education cycle

Bachelor’s level

Modules

Title	Credits	Code
Single module	7.5	0001

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

Knowledge equivalent to:

60 credits economics

7\.5 credits microeconomics, G1F

English 6

Exemption granted from the general entry requirement of Swedish

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.

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 written examination.

• 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