SØK 1344 Microeconomics II
The course has two main purposes. Firstly, it provides a deeper analysis of microeconomic problems than what the students have experienced in the foundation course in microeconomics. In particular, this applies to the analysis of markets and of efficiency. Secondly, a number of important ways of applying microeconomic theory such as capital markets, the labour market, economic organization and the effects of economic policies are discussed.
On completion of the course the students will have learnt to:
- Master the basic concepts and methods of modern microeconomics.
- Apply the microeconomic set of models on various applied problems taken from the Norwegian economy.
On completion of the course the students are to be able to:
- Apply the basic models of microeconomic analysis to different concrete markets and institutional arrangements.
- Critically assess how theory may be applied to practical problems.
- Critically assess the limitations to what conclusions may be drawn solely on the basis of economic theory.
The students are to acquire an understanding of how economic theory in a meaningful way may contribute to the understanding of a problem complex. At the same time applied analyses are where the students also see the limitations to how much economic analysis may contribute, and the importance of the role of other disciplines to solving a problem.
- Industry dynamics
- Markets and efficiency
- The capital market
- The labour market
- Taxes and public policy
- Economic organization: incentives and contracts
The course consists of 39 hours of lectures plus 6 hours of plenary sessions with assignment reviews and feedback. During the course three multiple-choice tests will be given through the learning platform It's learning.
It is recommended that the students use computer-based tools in the course, e.g. spreadsheets.
Higher Education Entrance Qualification
|Exam category||Weight||Invigilation||Duration||Support materials||Grouping||Comment exam|
Form of assessment:
Internal and external examiner
Examination every semester
|Form of assessment:||Written submission|
|Support materials:|| |
|Resit:||Examination every semester|
|Workload activity||Duration||Type of duration||Comment student effort|
|Review of assignments in plenary||6||Hour(s)||Assignment reviews and feedback in plenary sessions|
|Prepare for teaching||36||Hour(s)|
|Group work / Assignments||64||Hour(s)||Work on assignments following lectures|
|Workload activity:||Review of assignments in plenary|
|Comment:||Assignment reviews and feedback in plenary sessions|
|Workload activity:||Prepare for teaching|
|Workload activity:||Group work / Assignments|
|Comment:||Work on assignments following lectures|
|Workload activity:||Self study|
A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.