SØK 1344 Microeconomics II

SØK 1344 Microeconomics II

Course code: 
SØK 1344
Course coordinator: 
Dag Morten Dalen
Course name in Norwegian: 
Mikroøkonomi II
Product category: 
Bachelor of Science in Business and Economics - Programme Courses
2021 Autumn
Active status: 
Level of study: 
Teaching language: 
Course type: 
One semester

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.

Higher Education Entrance Qualification


Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.


Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

Required prerequisite knowledge

Microeconomics I

Exam categoryWeightInvigilationDurationSupport materialsGroupingComment exam
Exam category:
Form of assessment:
Written submission
Exam code:
Grading scale:
Grading rules:
Internal and external examiner
Examination every semester
100Yes5 Hour(s)
  • BI-approved exam calculator
  • Simple calculator
Exam category:Submission
Form of assessment:Written submission
Grouping (size):Individual
Support materials:
  • BI-approved exam calculator
  • Simple calculator
Duration:5 Hour(s)
Exam code:SØK13441
Grading scale:ECTS
Resit:Examination every semester
Type of Assessment: 
Ordinary examination
Total weight: 
Student workload
39 Hour(s)
Feedback activities and counselling
6 Hour(s)
Assignment reviews and feedback in plenary sessions
Prepare for teaching
36 Hour(s)
Group work / Assignments
64 Hour(s)
Work on assignments following lectures
Student's own work with learning resources
50 Hour(s)
5 Hour(s)
Sum workload: 

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.