2012/2013  BA-HA_HU2B  Microeconomics

English Title

Microeconomics

Course information
Language	English
Exam ECTS	7.5 ECTS
Type	Elective
Level	Bachelor
Duration	Summer
Course period	NOTE: The course schedule is at the moment ONLY available at www.cbs.dk/summer.
Time Table	Please see course schedule at e-Campus
Study board	Study Board for BSc in Economics and Business Administration
Course coordinator
Faculty - Sujata Madan, Mcgill university Patricia Plackett - Department of Operations Management
Main Category of the Course
Economics, macro economics and managerial economics
Last updated on 23-04-2012

Learning objectives

In order for the students to acquire the mark 12 they must demonstrate that they are: Able to obtain a greater understanding of consumer and producer behavior Able to understand the role of the market in the allocation of resources and the distribution of income, and how these outcomes are affected by imperfections in the market system and by government policy Able to explain Absolute and comparative advantage and the gains from exchange through specialization

Examination

Microeconomics

4-hour written exam (closed book): Type of test Written Exam Marking scale 7-step scale Second examiner No second examiner Exam period Summer Term Aids Closed Book Duration 4 Hours Closed book. Exam aids: calculator

Course content

Content is similar to that covered in an undergraduate macroeconomics course in North America. The course is intended to expose students to a range of economics topics and analytical methods. The main topics covered include Exchange and Markets; Demand, Supply and Market Equilibrium; Elasticity: A Measure of Responsiveness; Market Efficiency and Government Intervention; Consumer Choice Using Utility Theory; Production Technology and Cost; Perfect Competition; Monopoly and Price Discrimination; Market Entry and Monopolistic Competition; Oligopoly and Strategic Behavior.   The course’s development of personal competences: Analytical skills, group working interpersonal skills

Teaching methods

Interactive lectures, discussions, case studies

Expected literature

O’Sullivan, Scheffrin & Perez, Economics: Principles, Applications and Tools, 7th edition, Pearson/Prentice Hall, 2012 (or newer edition). ISBN 9780132722001.