Course syllabus - Microeconomics 2

Objectives

The aim of this course is to learn how microeconomics principles can be used to analyse, explain and suggest optimal solutions within various economic topics.

Learning outcomes

Upon the completion of the course the students will be able to:
* Explain and show how firms in imperfect markets make optimal decisions.
* Explain and determine the optimal wages and the employment level under perfect and imperfect labour markets.
* Understand the nature and consequences of general equilibrium and the economic efficiency
* Understand and explain the problems of imperfect and asymmetric information
* Explain the limitations of a market economy to solve market imperfections and how they can be solved.
* Understand and explain some theories of international trade and the welfare effects from free trade and from various barriers to trade policies.

Course content

The course covers various topics such as: Uncertainty and Consumer Behaviour; Monopolistic Competition; Oligopoly; Game Theory; General Equilibrium and Economic Efficiency; Asymmetric Information; Externalities; Classical and neo-classical trade theories; Barriers to Trade.

Tuition

Lectures & Problems Solving Seminars in class.

Requirements

Basic eligibility and English 6, Mathematics 3b or 3c or Mathematics C

Examination

Written examination (TEN1), 6 credits, grade Excellent (A), Very good (B), Good (C), Satisfactory (D), Sufficient (E), Insufficient (F)
Exercises (OVN1), 1,5 credits, marks Passed (G)

A student who has a certificate from MDU regarding a disability has the opportunity to submit a request for supportive measures during written examinations or other forms of examination, in accordance with the Rules and Regulations for Examinations at First-cycle and Second-cycle Level at Mälardalen University (2020/1655). It is the examiner who takes decisions on any supportive measures, based on what kind of certificate is issued, and in that case which measures are to be applied.

Suspicions of attempting to deceive in examinations (cheating) are reported to the Vice-Chancellor, in accordance with the Higher Education Ordinance, and are examined by the University’s Disciplinary Board. If the Disciplinary Board considers the student to be guilty of a disciplinary offence, the Board will take a decision on disciplinary action, which will be a warning or suspension.

Grade

AF-skala

Interim Regulations and Other Regulations

The course overlaps 7,5 credits with: 
NAA100 Microekonomics
NAA129 Applied Microeconomics
NAA125 Microeconomics 2

4 credits with: 
NAA114 Environmental Economics
NAA109 Environmental Economics 
NAA118 Environmental Economics

2 credits with 
NAA113 Trade Theory and International Finance
NAA119 International Economics

1,5 credits with: 
NAA111 Microeconomic theory
NAA121 Microeconomics
NAA123 Microeconomic theory
NAA107 Microeconomics

It is desirable that you have studied Microeconomics 1.