GRA 6031 Microeconomics


GRA 6031 Microeconomics

Responsible for the course
Erling Røed Larsen

Department of Economics

According to study plan

ECTS Credits

Language of instruction


    Learning outcome
    The aim of this course is to provide a comprehensive understanding of the economics of monopoly, oligopoly, and competition, in order to demonstrate how microeconomic theory can facilitate private and public decision making.

    Bachelor degree qualifying for admission to the MSc Programme

    Compulsory reading
    Pepall, Lynne, Dan Richards and George Norman. 2008. Industrial organization : contemporary theory and empirical application. 4th ed. Blackwell Publ

    During the course there may be hand-outs and other material on additional topics relevant for the course and the examination.

    Recommended reading

    Course outline
    - Competition and efficiency
    - Monopoly pricing and price discrimination
    - Oligopoly

    - Product differentiation
    - Mergers and acquisition

    - Vertical relations and contracts
    - Competition policy and antitrust

    - Advertising
    - Auctions

      Computer-based tools
      It's learning/homepage

      Learning process and workload
      A course of 6 ECTS credits corresponds to a workload of 160-180 hours.
      Lectures over 42 hours.

      Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on the course homepage/It's learning or text book.

      Term-paper (pass/fail) and 3 hours written exam.The term paper must be passed in order to sit the exam.

      Specific information regarding student evaluation beyond the information given in the course description will be provided in class. This information may be relevant for requirements for term papers or other hand-ins, and/or where class participation can be one of several elements of the overall evaluation.

      Examination code(s)
      GRA 60312 for the termpaper (pass/fail) Written individually or in groups of max 3 students
      GRA 60313 for the three hour written exam
      Both evaluations must be passed in order to get a grade in the course.

      Examination support materials
      A bilingual dictionary and BI-approved exam calculator.
      Exam aids at written examinations are explained under exam information in our web-based Student handbook. Please note use of calculator and dictionary.

      Re-sit examination
      It is only possible to retake an examination when the course is next taught.
      The assessment in some courses is based on more than one exam code.
      Where this is the case, you may retake only the assessed components of one of these exam codes.
      Where this is not the case, all of the assessed components of the course must be retaken.
      All retaken examinations will incur an additional fee.

      Please note that students who only retake the exam need to be aware that the exam may be based on the termpaper given this semester. Students should therefore regard the termpaper as a part of the course literature, even if the students already have a passing grade in the termpaper.

      Additional information
      Honor Code
      Academic honesty and trust are important to all of us as individuals, and represent values that are encouraged and promoted by the honor code system. This is a most significant university tradition. Students are responsible for familiarizing themselves with the ideals of the honor code system, to which the faculty are also deeply committed.

      Any violation of the honor code will be dealt with in accordance with BI’s procedures for cheating. These issues are a serious matter to everyone associated with the programs at BI and are at the heart of the honor code and academic integrity. If you have any questions about your responsibilities under the honor code, please ask.