APPLIES TO ACADEMIC YEAR 2016/2017
GRA 6626 Economic theory
Responsible for the course
Department of Economics
According to study plan
Language of instruction
Microeconomics is the basic tool for understanding complex market-oriented economies. This course provides the students with the concepts and models used in modern microeconomic analysis.
Provide students with an understanding of the key areas of microeconomic, such as the nature of economic decisions of individual units and the role of economic institutions in shaping the allocation of resources in the economy.
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.
Varian, Hal R. 2014. Intermediate Microeconomics with calculus. W.W Norton & Company
During the course there may be hand-outs and other material on additional topics relevant for the course and the examination
Main topics are:
Theories of the firm and market structure
Competitive markets and general equilibrium analysis
Basic welfare economics and various forms of market failure
Choice under uncertainty
Asymmetric information and contracts
Learning process and workload
A course of 6 ECTS credits corresponds to a workload of 160-180 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 examination 3 hours
|Form of assessment||Weight||Group size|
|Written examination 3 hours||100%|
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. All parts of the assessment must be passed in order to get a grade in the course. Candidates may be called in for an oral hearing as a verification/control of written assignments.
GRA 66264 3-hour written examination accounts for 100% of the final grade in the course GRA 6626.
Examination support materials
BI approved exam calculator
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.
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.
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