SØK 1344 Microeconomics II

SØK 1344 Microeconomics II

Course code: 
SØK 1344
Department: 
Economics
Credits: 
7.5
Course coordinator: 
Christian Riis
Product category: 
Bachelor
Portfolio: 
Bachelor of Business and Economics - Programme Courses
Semester: 
2019 Autumn
Active status: 
Active
Teaching language: 
Norwegian
Course type: 
One semester
Introduction

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.

Learning outcomes - Knowledge

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.
     
Learning outcomes - Skills

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.
General Competence

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.

Course content
  • Industry dynamics
  • Markets and efficiency
  • The capital market
  • The labour market
  • Taxes and public policy
  • Economic organization: incentives and contracts
Teaching and learning activities

The course consists of 39 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.  

It is recommended that the students use computer-based tools in the course, e.g. spreadsheets.

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

Higher Education Entrance Qualification

Required prerequisite knowledge

Microeconomics I

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Submission
Form of assessment:
Written submission
Exam code:
SØK13441
Grading scale:
ECTS
Grading rules:
Internal and external examiner
Resit:
Examination every semester
100Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
Individual
Exams:
Exam category:Submission
Form of assessment:Written submission
Weight:100
Invigilation:Yes
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
Duration:5 Hour(s)
Comment:
Exam code:SØK13441
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
100
Workload activityDurationType of durationComment student effort
Teaching39Hour(s)
Review of assignments in plenary6Hour(s)Assignment reviews and feedback in plenary sessions
Prepare for teaching36Hour(s)
Group work / Assignments64Hour(s)Work on assignments following lectures
Self study50Hour(s)
Examination5Hour(s)
Expected student effort:
Workload activity:Teaching
Duration:39 Hour(s)
Comment:
Workload activity:Review of assignments in plenary
Duration:6 Hour(s)
Comment:Assignment reviews and feedback in plenary sessions
Workload activity:Prepare for teaching
Duration:36 Hour(s)
Comment:
Workload activity:Group work / Assignments
Duration:64 Hour(s)
Comment:Work on assignments following lectures
Workload activity:Self study
Duration:50 Hour(s)
Comment:
Workload activity:Examination
Duration:5 Hour(s)
Comment:
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.