English   Danish

2013/2014  BA-PPE1  Microeconomics

English Title

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Autumn
Time Table Please see course schedule at e-Campus
Study board
Study Board for BSc/MSc i International Business and Politics, BSc
Course coordinator
  • Gagan Ghosh - Department of Economics (ECON)
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 30-09-2013
Learning objectives
  • Explain basic economic terminology (as e.g. opportunity costs) in a comprehensive and intuitive way.
  • Describe and justify the main assumptions behind simple economic models as e.g. the demand and supply model, the perfect competition model, the monopoly model, etc.
  • Illustrate diagrammatically these models and perform policy experiments (e.g. introducing taxes).
  • Derive numerically economic instruments and learn how to use them in practice (e.g. price elasticity, Lerner Index, etc.).
  • Solve algebraically simple microeconomic models in order to determine the equilibrium economic variables, and reflect on the solutions with a critical mind.
  • Use economic intuition to explain topical policy issues (e.g. why are housing taxes popular among economists?).
Examination form Written sit-in exam
Individual or group exam Individual
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn Term
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Additional allowed aids
  • Books and compendia brought by the examinee
  • Notes brought by the examinee
  • Allowed calculators
  • Allowed bodies of laws
  • Allowed dictionaries
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure
This course provides an introduction to the functioning of economic markets: it describes what lies behind the notions of demand and supply. Emphasis is placed on the behavioural assumptions that generate demand for particular products, and on whether the producers of a particular product compete in a perfect or an imperfect way. We also explore important extensions to the basic model such as uncertainty and asymmetric information. The main blocks of the curriculum are:
Supply and Demand; Consumer theory: preferences, rationality assumptions, budgetary constraints; Extensions: Uncertainty and information economics, Producer theory: production and costs functions; Market structure: perfect competition, monopoly, monopolistic competition, oligopoly.
Teaching methods
Lectures and Exercises.
Last updated on 30-09-2013