Course - Microeconomic Analysis - SØK1023
SØK1023
This course has academic overlap with the course in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.
Microeconomic Analysis
Choose study yearNew from the academic year 2024/2025
Credits
7.5
Level
Foundation courses, level I
Course start
Spring 2025
Duration
1 semester
Language of instruction
Norwegian
Location
Trondheim
Examination arrangement
School exam
About
About the course
Course content
This course focuses on the behavior of households and firms under different economic constraints. General equilibrium theory is also introduced.
Learning outcome
Knowledge
You learn
- definitions of key microeconomic concepts
- how the consumer's demand for goods and services is affected by prices and income
- how the firm's supply and it’s demand for inputs are affected by product- and factor prices
- how the microeconomic analytical tools can be applied to specific issues
Skills
You should be able to
- explain the microeconomic concepts and optimal choice of consumers and firms
- analyze specific issues using graphical and mathematical analysis
General competence
You should be able to
- follow economic reasoning related to the course in the public debate and professional reports
Learning methods and activities
2 hours of lectures every week and 2 hours of practical assignment every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.
Compulsory assignments
- Mandatory activity
Further on evaluation
Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.
Approved compulsory activity from SØK1002 Microeconomic analysis also applies to this course.
Recommended previous knowledge
None
Required previous knowledge
None
Course materials
Announced at the beginning of the term
Credit reductions
| Course code | Reduction | From |
|---|---|---|
| SØK1002 | 7.5 sp | Autumn 2024 |
Subject areas
- Economics
- Social Sciences