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.


All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have spesific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Compulsory reading
Pepall, Lynne, Dan Richards and George Norman. 2014. Industrial organization : contemporary theory and empirical application. 5th ed. Wiley

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
    Not applicable

    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.

    Written exam 3 hours

    Form of assessment Weight Group size
    Written examination 3 hours 100% Individual

    Specific information regarding student assessment will be provided in class. This information may be relevant to requirements for term papers or other hand-ins, and/or where class participation can be one of several components of the overall assessment.

    Examination code(s)
    GRA 60314 three hour written exam accounts for 100% of the final grade in GRA 6031

    Examination support materials
    BI approved exam calculator
    Bilingual dictionary

    Permitted examination support materials for written examinations are detailed under examination information in the student portal @bi. The section on support materials and the use of calculators and dictionaries should be paid special attention to.

    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. All retaken examinations will incur an additional fee. Please note that you need to retake the latest version of the course with updated course literature and assessment. Please make sure that you have familiarised yourself with the latest course description.

    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.