The course focuses on different kinds of market failures that arise when the conditions for first best socially desirable outcomes in market economies are not met. Different kinds of externalities, public goods characteristics and the problems of asymmetric information are discussed. The course also contains a discussion of pricing of so-called natural monopolies.
90 credits of which 75 credits in economics including 15 credits bachelor courses (G2F). Additionally, Mathematical Economics I D7 or the equivalent. Proficiency in English equivalent to the Swedish upper secondary course English 6.
Academic credits
Applicants in some programs at Umeå University have guaranteed admission to this course. The number of places for a single course may therefore be limited.
Application code
UMU-23104
Application
The online application opens 16 September 2024 at 13:00 CET.
Application deadline is
15 October 2024. How to apply
Application and tuition fees
As a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
