KSAM120 Microeconomics
- Number of credits7,5
- Teaching semester2024 Spring
- Language of instructionEnglish
- CampusKongsvinger
- Required prerequisite knowledge
Recommended prerequisite knowledge: KMET120 Mathematics for Economists, or equivalent.
- Consumer and producer theory
- Different forms of competition
- Economic efficiency
- Market failure
- Effects of government intervention in markets
- Applied issues
- Graphical and mathematical models
Learning Outcome
Upon successfully passing the course, students will have achieved the following learning outcomes:
Students
- can demonstrate and explain how consumers make decisions based on preferences, prices and income
- can demonstrate and explain how producers make decisions based on technology and factor prices
- can explain the assumptions in market theory and how market mechanisms function
- can apply microeconomic theory and models to explain the interaction between consumers and producers in a market equilibrium
- can account for various forms of market failure
- can explain why microeconomic theory can be regarded as the academic basis for other economic subjects
Students
- can apply graphical and mathematical microeconomic models to analyse market equilibrium and socio-economic efficiency in different competitive situations, and to analyse simple applied problems
- can assess how different forms of economic policy affect the behaviour of individual actors and thereby price, production, efficiency and income distribution
Students
- can reflect on the relationship between individual economic choices and socio-economic consequences of the choices
- can communicate economic reasoning to others using graphical and mathematical microeconomic models, as well as intuitive reasoning
There is a 50% compulsory attendance requirement regarding the teaching of the course (applies from spring 2024).
The course includes 1-3 pieces of coursework. The coursework may consist of multiple-choice tests and/or written submission. The amount and form of coursework will be stated on the university’s learning platform at the start of the course.
Four-hour written, individual examination. Performance is assessed using a grading scale from A to F, where E is the lowest passing grade.
| Form of assessment | Grading scale | Grouping | Duration of assessment | Support materials | Proportion | Comment |
|---|---|---|---|---|---|---|
Written examination with invigilation | ECTS - A-F | Individual | 4 Hour(s) |
| 100% | Calculator in accordance with calculator use guidelines in economics/administrative programmes of study at Inland School of Business and Social Sciences – Faculty of Economics and Social Sciences. Updated guidelines will be available and communicated to students at the start of each academic year. |
| Name | Credits | Date | Comment |
|---|---|---|---|
SSAM120 Microeconomics | 7,5 | ||
3SAM120 Mikroøkonomi | 7,5 | ||
NSAM120 Mikroøkonomi 1 | 7,5 | ||
ØKA1020 Mikroøkonomi 1 | 7,5 | ||
HSAM120 Mikroøkonomi | 7,5 |
Reading list
No reading list available for this course