Microeconomics (BØK265)
Course description for study year 2023-2024
Course code
BØK265
Version
1
Credits (ECTS)
10
Semester tution start
Spring
Number of semesters
1
Exam semester
Spring
Language of instruction
Norwegian
Content
- Consumer and production theory
- Market equilibrium
- Monopoly power
- Game theory
- Public goods
- Externalities
- Taxation
Learning outcome
Knowledge outcomes: The students must be acquainted with the basics of microeconomic analysis, that is, the main results in production and consumer theory. Moreover, the student shall learn the basic concepts and results of monopoly power, externalities and public goods. Finally, the student is expected to learn the basic concepts and results of the economics of information, including the concept of moral hazard and adverse selection.
Skills: The students should be able to formulate and solve simple economic problems involving consumers and producers and the interaction between them.
General competance: Students should be able to identify the resource restrictions embedded in all economic decisions
Required prerequisite knowledge
Recommended prerequisites
Exam
| Form of assessment | Weight | Duration | Marks | Aid |
|---|---|---|---|---|
| Written exam | 1/1 | 4 Hours | Letter grades | Valid calculator |
Coursework requirements
Course teacher(s)
Course coordinator:
Gorm KipperbergStudy Program Director:
Tarjei Mandt LarsenOverlapping courses
| Course | Reduction (SP) |
|---|---|
| Micro Economics (BØK105_1) | 5 |
| Public economics (BØK270_1) | 5 |
| Microeconomic analysis (BHO250_2) | 10 |
| Microeconomic analysis (BHO250_1) | 10 |
| Economic analysis (BHO200_1) | 5 |
| Economics and Markets (IND200_1) | 5 |
| Introduction to economics (IND100_1) | 5 |
| Micro Economics, Introduction to economics ( BØK105_1 IND100_1 ) | 10 |
| Microeconomic analysis (BHO250_3) | 10 |
| Microeconomic analysis, Microeconomic analysis ( BHO250_2 BHO250_3 ) | 20 |
| Service economics (BHO250_4) | 5 |