Upon successful completion of this course the students should be able to demonstrate:
basic knowledge of central microeconomic areas like theories of consumer and producer behavior.
familiarity with basic theories of marked types like Perfect competition and Monopoly.
some insight into public economy, especially effects on efficiency of taxes and different kinds of market failure.
familiarity with income distribution and consequences following collective decisions.
ability to employ graphical representation to analyse central socio-economic questions.
Producer behavior in the product market
Producer behavior in the factor market
Equilibrium in a market with perfect competition
Effects of tax and subsidy
Efficiency and distribution effects of taxes
Public price- and investments decisions.
Lectures and group work. Estimated workload is about 270 hours.
Two approved compulsory assignments. More information will be given in Canvas at the start of the semester.
Assessment methods and criteria
4-hour examination with letter grades.
The study programme manager, in consultation with the student representative, decides the method of evaluation and whether the courses will have a midterm- or end of term evaluation, see also the Quality System, section 4.1. Information about evaluation method for the course will be posted on Canvas.
Admission for external candidates
Type of course
Level of course
First cycle i.e. bachelor level.
Year of study
Normally first year.
Name of lecturer
For additional information, please contact School of Business and Law, phone no. (+47)38141068