Economics C, 30 credits
(Nationalekonomi C, 30 högskolepoäng)
| Course code | 1105NE |
|---|---|
| Subject area | Economics |
| Main field of study | Economics |
| Progressive specialisation | G2E (First cycle, has at least 60 credits in first-cycle course/s as entry requirements, contains degree project for Bachelor of Arts/Bachelor of Science) |
| Academic school | School of Social Sciences |
| Disciplary domain |
Social sciences 100%
|
| Grading scale | AF |
| Education cycle | First-cycle (Bachelor) |
| Course level | C |
| Language of instruction | English |
| Valid from | Autumn semester 2018 |
Validation
This course syllabus was validated by the Management Board of the School of Social Sciences at Södertörn University on 2018-04-24 according to the stipulations in the Higher Education Ordinance.
Entry requirements
30 credits in Economics A and B, and English B or equivalent
Learning outcomes
Knowledge and understanding:
- conduct autonomous work using a scientific approach based on theories, methods and considerations that are central to economics
- use macroeconomic models when analysing problems of national income, unemployment, inflation and exchange rates and when analysing long-term growth
- describe exogenous and endogenous growth
- describe how market pricing occurs and the role of the market system in the allocation of social resources
- explain and use the concepts of collective goods, external effects and asymmetric information and display a good ability to use these concepts in economic analysis
- describe the assumptions made in the classical regression model.
- conduct statistical hypothesis testing
- use economic theory to interpret the results of regression analyses
Skills and ability:
- formulate an economics problem
- apply theories and scientific methods used in economics to analyse economic problems - present the results of autonomous work and complete its written presentation in the set timeframe
- apply macroeconomic models to analyse monetary and financial policy, consumption, investments and money, and the open economy
- apply exogenous and endogenous growth theories - analyse consumer choices in conditions of certainty and uncertainty
- conduct an advanced analysis of microeconomic problems - specify a regression model that allows testing for the occurrence of a link between economic variables
- conduct regression analyses with the help of statistical software
Values and approach:
- critically review scholarly work, partly based on theory and methodology and partly on the statistics used
- display in-depth insight into the role of economics in social development and the responsibility associated with using economic tools
- make autonomous and critical approaches to problems in social-economics - evaluate ethical aspects of economics research
Course content, modules and examinations
The course consists of two optional modules (7.5 credits each) and one essay (15 credits).
In order to pass the C-level course, the student must have passed the modules in Intermediate Microeconomics, Intermediate Macroeconomics, Econometrics and the Essay.
At least one of these compulsory modules (not the essay) should already have been passed at B-level.
Intermediate Macroeconomics, 7.5 credits
(Intermediär makroekonomi, 7,5 högskolepoäng)
The module uses the IS-PC-MR-models in order to investigate monetary and fiscal policy, consumption, investment and money in an integrated macroeconomic context. During the course the student is informed about exogenous and endogenous growth models to highlight various aspects of economic growth and development.
1001, Intermediate Macroeconomics, 7.5 credits
(Intermediär makroekonomi, 7,5 högskolepoäng)
Grades permitted: AFIntermediate Microeconomics, 7.5 credits
(Intermediär mikroekonomi, 7,5 högskolepoäng)
The module creates deeper understanding of economic theory about choice, the determination of prices and the importance of the market system for the allocation of resources. During the module, students investigate consumer behavior under certainty and uncertainty, as well as the importance of prices as providers of information and resource allocation. Certain concepts such as collective goods, external effects and asymmetric information are described and their analytical use in microeconomic theory is explained.
1002, Intermediate Microeconomics, 7.5 credits
(Intermediär mikroekonomi, 7,5 högskolepoäng)
Grades permitted: AFEconometrics, 7.5 credits
(Ekonometri, 7,5 högskolepoäng)
The module describes the use of econometric methods for quantifying economic relations, and also the problems that may arise in this context. The classical linear regression model is the focus. The module also offers the student practical training in the use of statistical software when applying econometric methods to real events.
1003, Econometrics, 7.5 credits
(Ekonometri, 7,5 högskolepoäng)
Grades permitted: AFEssay, 15 credits
(Kandidatuppsats, 15 högskolepoäng)
The module begins with an introduction to the art essay writing. The course then continues with a critical analysis of a selection of previously examined essays. The student’s preliminary essays are then discussed during a seminar. During the module the student is also trained in analysing methodological problems in research.
1004, Essay, 15 credits
(Kandidatuppsats, 15 högskolepoäng)
Grades permitted: AFIndustrial Organisation, 7.5 credits
(Industriell organisation, 7,5 högskolepoäng)
During the basic course in microeconomics, the focus is often on two extreme forms of market structure: perfect competition and monopoly. In a real world context, there are only a few examples of these extreme structures. On this module, the perspective is broadened in order to approach more realistic market structures and the behaviour in markets between perfect competition and monopoly is investigated. In this new context, strategies for prices are studied, as well as different kinds of applications for IO-models such as outsourcing, R & D, advertising, auctions and strategic investments.
1005, Industrial Organisation, 7.5 credits
(Industriell organisation, 7,5 högskolepoäng)
Grades permitted: AFCorporate Governance, 7.5 credits
(Företagandets organisation, ägande och finansiering, 7,5 högskolepoäng)
The first part of the module examines neoclassical price theory to gain a more profound understanding of prices as a mechanism for coordination and resource allocation. This is done in order to investigate whether direct control by a central authority is preferable to decentralised allocation through the price system. During the second part of the module, the determinants behind ownership and control are highlighted, as well as the relationship between finance, ownership and control. In this context, classical problems such as the conflict between managers and owners, agent costs, contracts based on incentives in relation to the control of managers, and company acquisition as a mechanism for discipline are examined.
1006, Corporate Governance, 7.5 credits
(Företagandets organisation, ägande och finansiering, 7,5 högskolepoäng)
Grades permitted: AFFinancial Economics, 7.5 credits
(Finansiell ekonomi, 7,5 högskolepoäng)
The aim of the module is to create a deeper understanding of the importance and functioning of the financial markets in a modern market economy. The module first presents the structure of the financial market system. Interest rates and the importance of risk in the determination of prices for financial and non-financial assets are then investigated. Dealing with risk in financial institutions is also examined.
1007, Financial Economics, 7.5 credits
(Finansiell ekonomi, 7,5 högskolepoäng)
Grades permitted: AFInternational Trade Theory, 7.5 credits
(Internationell handelsteori, 7,5 högskolepoäng)
The module provides deeper understanding of how the global allocation of resources and technologies creates incentives for trade. The module examines different models for international trade, such as the Ricardo model and the Heckscher-Ohlin model, and then uses them as a framework in order to investigate gains and losses from trade. Trade under imperfect competition is examined, and migration, the movement of capital, as well as outsourcing and trade policies are investigated.
1008, International Trade Theory, 7.5 credits
(Internationell handelsteori, 7,5 högskolepoäng)
Grades permitted: AFDevelopment Economics, 7.5 credits
(Utvecklingsekonomi, 7,5 högskolepoäng)
During the module, specific knowledge from different fields in economics, such as trade theory, growth models and basic microeconomics, is integrated in order to examine tasks that are specific to a poor country. The module begins with an investigation of the relationship between growth and development. A discussion follows about the relationship between inequality and development, as well as an investigation about the relationship between malnutrition and development. The module also examines the interaction between rural and urban areas, as well as the role of farming in poor countries. We conclude the module with a discussion about trade and development and the impact of trade policies.
1009, Development Economics, 7.5 credits
(Utvecklingsekonomi, 7,5 högskolepoäng)
Grades permitted: AFEnvironmental Economics, 7.5 credits
(Miljöekonomi, 7,5 högskolepoäng)
In a market system without regulation, the negative impact on the environment from producing goods and services is not included in market prices. This is an example of market failure, which used to be described in terms of negative external effects. The module examines different methods that are implemented in order to translate the external effects into actual costs. The module also presents different economic control measures that can be implemented in order to satisfy the demand that economic decisions should include a correct valuation of negative externality.
1010, Environmental Economics, 7.5 credits
(Miljöekonomi, 7,5 högskolepoäng)
Grades permitted: AFHealth Economics, 7.5 credits
(Hälsoekonomi, 7,5 högskolepoäng)
The module describes economic models that are used in order to analyse different problems in the field of healthcare. In this context, the module describes different ways to finance healthcare and also analyses how healthcare should be organised. The module describes different ways to evaluate healthcare.
1011, Health Economics, 7.5 credits
(Hälsoekonomi, 7,5 högskolepoäng)
Grades permitted: AFSocial Choice, 7.5 credits
(Samhälleliga val, 7,5 högskolepoäng)
Med utgångspunkt i filosofiska skillnader mellan utfallsbaserade, konsekvensorienterade och procedurbaserade, kontraktsmässiga ansatser studeras välfärdsteoretiska problemställningar med tonvikt på samhällelig rättvisa. Den konstitutionella grunden baseras på mellanmänskliga relationer och etik som social process.
1012, Social Choice, 7.5 credits
(Samhälleliga val, 7,5 högskolepoäng)
Grades permitted: AFPublic Finance, 7.5 credits
(Offentlig finansiering, 7,5 högskolepoäng)
The aim of the module is for students to develop a basic understanding of fiscal sociology as a sub-discipline of economics, where public finance is seen from a broad social science perspective. Based on fiscal sociology, institutions through which wealth is redistributed and the economic consequences of redistribution are studied. The link between taxation and political decision making, as well as economic and social distortions caused by taxation are taken into account.
1013, Public Finance, 7.5 credits
(Offentlig finansiering, 7,5 högskolepoäng)
Grades permitted: AFSocio-Economic Institutions, 7.5 credits
(Socioekonomiska institutioner, 7,5 högskolepoäng)
The aim of the module is for students to develop a basic understanding of how a market economy is based on socio-economic institutions, including cultural, political and economic institutions in society. Interpersonal relationships can create fellow feeling, and this is crucial to the understanding of the importance of the morality of the market as a foundation of a market economy. Fundamental institutions of civilisation, such as language, norms, laws, and money, are studied with an emphasis on interpersonal relationships.
1014, Socio-Economic Institutions, 7.5 credits
(Socioekonomiska institutioner, 7,5 högskolepoäng)
Grades permitted: AFCourse design
Please refer to the information in (4) and (6) about optional and compulsory courses.
Intermediate Macroeconomics:
- Lectures.
Intermediate Microeconomics:
- Lectures.
Econometrics:
- Lectures and compulsory computer exercises.
- Some individual work or group work may be demanded in addition to the lectures.
Essay:
- Compulsory seminars.
Industrial Organisation:
- Lectures.
- Some individual work or group work may be demanded in addition to the lectures.
Corporate Governance:
- Lectures.
- Some individual work or group work may be demanded in addition to the lectures.
Financial Economics:
- Lectures.
- Some individual work or group work may be demanded in addition to the lectures.
International Trade Theory:
- Lectures.
- Some individual work or group work may be demanded in addition to the lectures.
Development Economics:
- Lectures.
- Some individual work or group work maybe demanded in addition to the lectures.
Environmental Economics:
- Lectures.
- Some individual work or group work may be demanded in addition to the lectures.
Health Economics:
- Lectures.
- Some individual work or group work may be demanded in addition to the lectures.
Social Choice:
- Lectures and seminars.
- Some individual work or group work may be demanded in addition to the lectures.
Public finance:
- Lectures and seminars.
- Some individual work or group work may be demanded in addition to the lectures.
Socio-Economic Institutions:
- Lectures and seminars.
- Some individual work or group work may be demanded in addition to the lectures.
Examination format
In order to pass the C-level course, the student must at least have passed the modules in Intermediate Microeconomics, Intermediate Macroeconomics, Econometrics and the Essay.
Because the student must already have passed one of these modules (besides the essay) at B-level, the C-level, at most, includes the following compulsory modules:
- Intermediate Microeconomics (7.5 credits) or Intermediate Macroeconomics (7.5 credits)
- Econometrics (7.5 credits)
- Essay (15 credits)
Students that have already passed two (or three) of the Intermediate Macroeconomics, Intermediate Microeconomics and/or Econometrics modules at B-level, may then select one (or two) of the optional courses at C-level.
- Intermediate Macroeconomics (7.5 credits):
- Written examination.
Intermediate Microeconomics (7.5 credits):
- Written examination.
Econometrics (7.5 credits):
- Written examination and oral and written presentation of group work.
Industrial Organisation (7.5 credits):
- Written examination.
Corporate Governance (7.5 credits):
- Written examination.
Financial Economics (7.5 credits):
- Written examination.
International Trade Theory (7.5 credits):
- Written examination and written independent work.
Development Economics (7.5 credits):
- Written examination.
Environmental Economics (7.5 credits):
- Written examination.
Health Economics (7.5 credits):
- Written examination.
Social Choice (7.5 credits):
- Take-home examination.
- Seminars
Public Finance (7.5 credits):
- Take-home examination.
- Seminars
Socio-Economic Institutions (7.5 credits):
- Take-home examination.
- Seminars
Compulsory modules:
Essay (15 credits):
The examination is divided into the following three parts:
- the student presents and discusses the essay in an open seminar, for which a student reviewer is selected
- the student acts as a student reviewer
- the student should make presentations of compulsory assignments in methodological seminars.
The grading criteria are distributed prior to the start of a course or module.
If a student has a certificate from Södertörn University for compensatory support, the examiner has the right to decide on an adapted examination or alternative form of examination in accordance with Södertörn University's regulations.
Restrictions on accreditation
The course may not be accredited as part of a degree if the contents are partly or wholly the same as a course previously taken in Sweden or elsewhere.
Other stipulations
Not all optional courses are offered every semester.
Information about courses for the coming semester is published on our website no later than two weeks before the end of the application period: www.sh.se/economics
Following the Vice-Chancellors decision on internationalization and grade scale at Södertörn University College (dnr: 1148-1.1.2-2018), this syllabus replaces the syllabus with course code 1084NE, with the difference that the grade system has been updated. The syllabus is determined through special order (dnr: 1773-2.1.1-2018).