Intermediate Microeconomics, 7.5 credits
(Intermediär mikroekonomi, 7,5 högskolepoäng)
| Course code | 1111NE |
|---|---|
| Subject area | Economics |
| Main field of study | Economics |
| Progressive specialisation | G1F (First cycle, has less than 60 credits in first-cycle course/s as entry requirements) |
| Academic school | School of Social Sciences |
| Disciplary domain |
Social sciences 100%
|
| Grading scale | AF |
| Education cycle | First-cycle (Bachelor) |
| Course level | B |
| 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 2018-09-26 according to the stipulations in the Higher Education Ordinance.
Entry requirements
30 credits in Economics A and English B or equivalent.
Learning outcomes
- introduce basic concepts of microeconomic theory,
- describe consumers’and firms’optimizing behaviour,
- describe the concept of equilibrium, and explain how prices and quantities,(production/ consumption) are determined in a market economy,
- explain how the structure of the market affects social welfare and the allocation of the market surplus,
- describe how government policies affect consumers’and firms’behaviour and choices,
- describe how incomplete information can lead to suboptimal outcomes.
Course content, modules and examinations
The course 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.
1001, Intermediate Microeconomic, 7.5 credits
(Intermediär mikroekonomi, 7,5 högskolepoäng)
Grades permitted: AFCourse design
Lectures and Seminars. Some individual work or group work may be required in addition to the lectures.
Examination format
Written examination and take-home assignments.
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.