APPLIES TO ACADEMIC YEAR 2014/2015
SØK 1344 Microeconomcs II
Responsible for the course
Department of Economics
According to study plan
Language of instruction
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.
Riis, Christian, Espen R. Moen. 2012. Moderne mikroøkonomi : med digital arbeidsbok. 2. utg. Gyldendal akademisk. Utvalgte deler
- Industry dynamics
- Markets and efficiency
- The capital market
- The labour market
- Taxes and public policy
- Economic organization: incentives and contracts
- Industry structure and trade
It is recommended that the students use computer-based tools in the course, e.g. spreadsheets. Computer-based tools are not allowed at the examination.
Learning process and workload
The course consists of 37 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. In order for a student to sit for the examination a minimum of two of these tests has to be approved.
Feedback on the hand-ins will be given through assignment reviews in plenary sessions.
Recommended use of time for the students:
|Assignment reviews and feedback in plenary sessions||
|Work on compulsory hand-ins||
|Preparatory self-study prior to lectures||
|Work on assignments following lectures||
|Recommended total use of time||
In order to sit for the examination the students must have at least two (2) out of three (3) tests approved. See learning process and workload.
The course is concluded by a five-hour (5-hour) individual written examination.
SØK 13441 – Written examination counts 100% towards the grade for the course SØK 1344 Microeconomics II, 7.5 credits.
Examination support materials
A BI-approved calculator, TEXAS INSTRUMENTS BA II Plus™, is allowed for the written examination.
Examination support materials at written examiniations are explained under examination information in the student portal @BI. Please note use of calculator and dictionary. https://at.bi.no/EN/Pages/Exa_Hjelpemidler-til-eksamen.aspx
A re-sit examination is held every semester.
Students who have not had two out of three tests approved have not met the coursework requirements for the course and are not allowed to sit for the examination. This means that they have to retake the complete course when offered at a later stage. Students who do not achieve a pass at the written examination or who want to improve their grade may take a re-sit examination in connection with a later course.