SE-213 Microeconomics
- ECTS Credits:
- 7.5
- Responsible department:
- School of Business and Law
- Course Leader:
- Daniel Göller
- Lecture Semester:
- Autumn
- Teaching language:
- English
- Duration:
- 1 term
The course is connected to the following study programs
- Bachelor's Programme in Business Administration
- Master's Programme in Business Administration (5 years)
Teaching language
EnglishRecommended prerequisites
SE-112-1/SE-112 - G Principles of Economics or equivalent
MA-138-1/MA-138-G Mathematics Applied in Business Administration A or equivalent
Course contents
This is a course in microeconomic theory and analysis. Main topics include consumer and producer behavior in markets with perfect competition, monopolistic markets, basic game theory and strategic decision making in markets with imperfect competition, and welfare effects of various forms of market failure, government intervention in terms of taxes or subsidies, and international trade.
Learning outcomes
Upon successful completion of this course the student should:
-
have in-depth knowledge about economic theory on factor markets and product markets with perfect competition
-
have in-depth knowledge about economic theory on monopolistic markets
-
have basic knowledge about game theoretic concepts and economic theory on markets with imperfect competition
-
be able to apply economic theory to assess welfare effects of taxes and subsidies, market imperfections and strategic firm behavior
-
have basic knowledge about theory of international trade
Examination requirements
A set of approved compulsory assignments, in which the students must demonstrate an ability to solve economic problems by safely applying the theory and models learned throughout the course. Detailed information will be provided at the start of the semester.
Teaching methods
Lectures, group work and digital learning using the MyEconLab platform. The total workload is about 200 hours.
Evaluation
The person responsible for the course, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Admission for external candidates
No
Assessment methods and criteria
4-hour written examination. Letter grades.
Reduction of Credits
This course’s contents overlap with the following courses. A reduction of credits will occur if one of these courses is taken in addition:
| Course | Reduction of Credits |
|---|---|
| SE-3100 – Resource Allocation, Trade Structure and International Trade | 6 |
| SE-3100 – Resource Allocation, Industry Structure and International Trade | 6 |
| SE-302 – Advanced Microeconomics | 5 |
| SE-105 – Introduction to Microeconomics | 5 |
| SE-305 – Intermediate Microeconomics | 5 |
| SE-105 – Introduction to Microeconomics | 5 |
| SE-303 – International Trade and Economic Growth | 2.5 |