Microeconomics MSB107
This master level course in microeconomics provides students with the analytical skills necessary for conducting rigorous examinations of consumer choice, producer decisions and market formation. Students will also learn how to decode applied microeconomic research and gain hands-on experience in empirical analysis. Microeconomics provides important tools for leaders in business environments, analysts in planning and resource management and researchers in both the private and public sector. In the words of J. M. Keynes: "The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine. An apparatus of the mind, a technique of thinking, which helps its possessor to draw correct conclusions."
Course description for study year 2022-2023. Please note that changes may occur.
MSB107
1
10
Autumn
1
Autumn
English
Knowledge
Upon completion of the course, students will have:
- An advanced understanding of key microeconomic concepts, theories and models that form the basis of the course and the science of economics
- The ability to see the complexity and scope of the determinants of economic behavior in consumers, producers and other types of microeconomic agents
- Developed extensive knowledge and economic intuition regarding the formalization of models of the decision-making processes of microeconomic agents
Skills
Upon completion of the course, students will:
- Have the ability to use different theories and models to analyze what drives economic actors in different situations
- Know how to read and comprehend published microeconomic research
- Be capable of implementing their own applied microeconomic research
- Be able to apply microeconomic tools as a basis for evaluating and developing economic decision-making strategies in both the private and public sectors of the economy
Folder exam and written exam
Form of assessment | Weight | Duration | Marks | Aid |
---|---|---|---|---|
Folder (multi-part group assignment) | 1/2 | 1 Semesters | Letter grades | |
Written exam | 1/2 | 4 Hours | Letter grades | Dictionary 1), Valid calculator |
1) Dictionary: English-English, English-other, other-Englis
Attend lectures, process course material (textbook chapters, scientific articles, etc.), solve practice problems (both graded and non-graded), work in learning teams. The expected distribution of effort is approximately as follows:
Attending lectures = 40 hours
Attending practice sessions = 20 hours
Learning team work = 110 hours
Independent study = 110 hours
Course | Reduction (SP) |
---|---|
Microeconomics (MØA107) | 10 |