Course - Market Theory - SØK1020
Market Theory
New from the academic year 2024/2025
About
About the course
Course content
The course introduces microeconomic- and market theory, and no previous knowledge of economics is required. Central concepts of microeconomics are introduced, and simple microeconomic models are used to discuss the impact of economic policies and other factors affecting households, firms, and the market. The course is the base for further studies in microeconomics.
Learning outcome
Knowledge
You learn
- fundamental concepts of microeconomics
- to use simple models to study the behavior of firms and households, and how markets work
- to apply the models on relevant problems, for example related to environmental issues
- essential concepts of welfare economics and arguments for policy interventions
Skills
You should be able to
- understand fundamental concepts of microeconomics
- apply graphic models to study problems related to the market
- apply models where you show how market failure can be corrected
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 SØK1000 Introduction to economics 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 |
|---|---|---|
| SØK1000 | 7.5 sp | Autumn 2024 |
Subject areas
- Economics
- Social Sciences
Contact information
Course coordinator
Department with academic responsibility
Examination
Examination
Ordinary examination - Autumn 2024
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.
Ordinary examination - Spring 2025
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.