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Syllabus:

Microeconomics Analysis I D25, 7.5 Credits

Swedish name: Mikroekonomisk analys I D25

This syllabus is valid: 2015-09-07 valid to 2022-01-02 (newer version of the syllabus exists)

Course code: 2NE070

Credit points: 7.5

Education level: Second cycle

Main Field of Study and progress level: Economics: Second cycle, has second-cycle course/s as entry requirements

Grading scale: VG Pass with distinction, G Pass, U Fail

Responsible department: Department of Economics

Established by: Rector of Umeå School of Business and Economics, 2015-06-04

Revised by: Rector of Umeå School of Business and Economics, 2015-06-04

Contents

The course focuses on central aspects of microeconomics on an advanced level. One example are how consumer theory can help us to derive demand functions for different goods and how different restriction in the assumption regarding utility- and profit maximization as well as cost minimization puts on the functional form of the demand and supply functions.

The second part of the course will give the students an understanding of how microeconomic theories and concepts can be used for welfare analysis. The course is also discussing decision making under uncertainty.
 

Expected learning outcomes

After completion of this course, students should be able to:
- Conducts advanced analyses on supply and demand on markets for different goods.
- Use consumer theory to derive demand functions.
- Derive the supply- and demand functions by profit maximization and cost minimization.
- Describe and examplify how different assumptions on utility- and profit maximization and cost minimization affects the functional form of the supply function.
- Perform advanced welfare analyses and analyze decision making under uncertainty.
 

Required Knowledge

University: Courses in Economics at undergraduate level equal to 90ECTS (whereof 30ECTS C-level courses) including a Bachelor thesis of 15ECTS or the equal writing experience. In addition Mathematical Economics I D7 or the equivalent is required. Students are also required to have English B from Swedish gymnasium or the equivalent.

Form of instruction

The education will be given in the form of lectures.

Examination modes

The examination consists of a written examination in the end of the course.

A second exam opportunity is always offered within a short time span after the regular exam date for those students not achieving a Pass. The subsequent exam opportunity is either the re-take opportunity the week before the fall semester or the next regular exam date. The following grading system will be used: Pass with Distinction (Väl Godkänd) Pass (Godkänd) Fail (Underkänd).

There is normally not possible to make additional examinations to reach a higher grade. Exceptions can be made for a student with the grade Fail on any of the examinations if the examiner (not the lecturer) finds this appropriate. The task must be a minor undertaking, closely related to the learning outcome not reached, and performed in close proximity to the original examination.

When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the Dean of the Business School no later than two weeks before the next examination opportunity.

Credit transfer
Academic credit transfers are according to the University credit transfer regulations.

Literature

Valid from: 2015 week 37

Varian Hal R.
Microeconomic analysis
3. ed. : New York : Norton : cop. 1992 : 506, (42) s. :
ISBN: 0-393-95735-7 (Student ed.)
Search Album, the University Library catalogue