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Microeconomics MSB107

This  master-level course in microeconomics provides students will analytical skills necessary for conducting rigorous examinations of consumer choice, producer decisions, and market formations. Students will also learn 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 within both private and public sectors. 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 2021-2022. Please note that changes may occur.

Fakta
Emnekode

MSB107

Vekting (SP)

10

Antall semestre

1

Vurderingssemester

Autumn

Undervisningsspråk

English

Tilbys av

UiS Business School

Learning outcome

Knowledge

Upon completion of the course, students will have:

  • An advanced understanding of central microeconomic concepts, theories, and models, which 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 among consumers, producers and other types of microeconomic agents
  • Developed extensive knowledge and economic intuition regarding 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
Content
Microeconomic analysis provides critical tools for modern business leaders, public policymakers and resource managers, and researchers in private and public sectors. 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." This course introduces students to microeconomic theory and its real-world applications at the master-level. It comprises three separate modules: Module 1 presents core neoclassical theories of the consumer, firm, and market equilibrium outcomes, emphasizing training in abstract thinking and formal analysis (mathematical, graphical, and verbal). Module 2 covers a selection of extended microeconomic topics (e.g., game theory, multi-attribute discrete choice, behavioral economics, network economics, welfare economics). Module 3 trains students in applied microeconomic analysis (decoding scientific articles, conducting data analysis, and scientific writing).
Required prerequisite knowledge
None
Eksamen / vurdering

Folder exam and written exam

Vurderingsform Vekting Varighet Karakter Hjelpemiddel
Folder (four-part group assignment) 1/2 1 Semesters A - F
Written exam 1/2 4 Hours A - F Valid calculator.

May be subject to change.

Coursework requirements
Class presentation
Course teacher(s)
Course coordinator: Gorm Kipperberg
Study Program Director: Yuko Onozaka
Method of work

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

Open for
Master in Accounting and Auditing Business Administration - Master of Science
Course assessment
Students will have the opportunity to give feedback on the course first in an early dialogue, and then in a written course evaluation at the end of the course.
Overlapping courses
Course Reduction (SP)
Microeconomics (MØA107) 10
Literature
Search for literature in Leganto