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2013/2014  BA-1MIC  Microeconomics

English Title
Microeconomics

Course information
Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Semester
Course period Autumn
Time Table Please see course schedule at e-Campus
Study board
Study Board for Asian Study Programme
Course coordinator
  • Eric Bentzen - Department of Operations Management (OM)
Carsten Scheibye, Sten Errebo Jørgensen
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 15-08-2013
Learning objectives
Microeconomics applies economic methods in the economic decision‐making
process.
After having followed the course the students should be able to:
 Make decisions using economic theory
 Describe and use simple microeconomic models
 Explain the relationship between microeconomics, economic theory and
decision science
 Identify the main subject areas in microeconomics, and explain how they
are related to each other
Examination
Microeconomics:
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) Internal examiner and external examiner
Exam period December/January
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • 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.
Description of the exam procedure
Four-hour open-book written examination. The students’ performance will be assessed according to the 7-point grading scale by the teacher and an external censor.
Course content and structure
The concept of the Firm, Demand theory, Production and Cost theory, Market structure and pricing.
Teaching methods
Lectures, tutorial sessions, workshops and exercises.
Further Information

As an introduction to the basics of economics, the course provides the prerequisite for all the subsequent economics courses in the BLC program. The course is simultaneously offered to ASP students as the mandatory introduction to economics.
Expected literature
ME: Dominick Salvatore: Managerial Economics in a Global Economy,
7thEdition, Oxford University Press, 2011.
On‐line notes and exercises uploaded at CBS Learn during course
Supplementary N. Gregory Mankiw & Mark P. Taylor: Economics
2thEdition, Cengage Learning, South‐Western, 2011.
Last updated on 15-08-2013