SØK 1220 Microeconomics - Economic Theory

SØK 1220 Microeconomics - Economic Theory

Course code: 
SØK 1220
Department: 
Economics
Credits: 
7.5
Course coordinator: 
Espen Rasmus Moen
Christian Riis
Course name in Norwegian: 
Mikroøkonomi - økonomisk teori
Product category: 
Bachelor
Portfolio: 
Bachelor of Science in Business and Economics - Programme Courses
Semester: 
2024 Autumn
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

The course has three main objectives. Firstly, students are given an introduction to formal microeconomic analysis. Secondly, the course delves deeper into the analysis of microeconomic issues than what students are familiar with from the introductory course in economics. This particularly applies to the analysis of markets and efficiency. Thirdly, a selection of important applications of microeconomic theory is discussed, such as capital markets, labor markets, economic organization, and the effects of economic policy.

 

    Learning outcomes - Knowledge

    During the course, students will:

    • Learn to master the fundamental concepts and methods within modern microeconomics.
    • Learn to apply the microeconomic modeling framework to various applied issues drawn from the Norwegian economy.
    Learning outcomes - Skills

    On completing the course, students should be able to:

    • Apply the basic models in microeconomic analysis to various concrete markets and institutional arrangements.
    • Critically assess how theory can be applied to practical problems.
    • Critically evaluate the limitations of drawing conclusions based solely on economic theory.
    General Competence

    Students are expected to gain an understanding of how economic theory can provide meaningful contributions to understanding a complex set of problems. At the same time, in applied analyses, students also recognize the limitations of what economic analysis can contribute and the importance of other disciplines' roles in problem-solving.

    Course content

    Topics taught each semester:

    • Microeconomic methodology

    • Industry dynamics 

    • Markets and efficiency

    Topics that may be incorporated into the teaching:

    • Capital markets

    • Labor markets

    • Taxation and public policy

    Teaching and learning activities

    The course consists of 39 lecture hours plus 6 hours of assignment review and feedback.

    Throughout the course, there will be 3 multiple-choice tests administered via the learning platform It's Learning.

    Software tools
    No specified computer-based tools are required.
    Qualifications

    Higher Education Entrance Qualification

    Disclaimer

    Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

    Assessments
    Assessments
    Exam category: 
    School Exam
    Form of assessment: 
    Written School Exam - pen and paper
    Exam/hand-in semester: 
    First Semester
    Weight: 
    100
    Grouping: 
    Individual
    Support materials: 
    • BI-approved exam calculator
    • Simple calculator
    Duration: 
    5 Hour(s)
    Exam code: 
    SØK 12201
    Grading scale: 
    ECTS
    Resit: 
    Examination every semester
    Type of Assessment: 
    Ordinary examination
    Total weight: 
    100
    Student workload
    ActivityDurationComment
    Teaching
    36 Hour(s)
    Feedback activities and counselling
    6 Hour(s)
    Submission(s)
    18 Hour(s)
    Prepare for teaching
    36 Hour(s)
    Group work / Assignments
    49 Hour(s)
    Student's own work with learning resources
    50 Hour(s)
    Examination
    5 Hour(s)
    Sum workload: 
    200

    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.

    Semester

    Oversettelser