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autumn 2018

SOK-3003 Applied Microeconomics - 10 ECTS

Sist endret: 29.01.2019

The course is provided by

Faculty of Biosciences, Fisheries and Economics


Tromsø |

Application deadline

Applicants from Nordic countries: 1 June for the autumn semester and 1 December for the spring semester. Exchange students: 1 October for the spring semester and 15 April for the autumn semester. 

Exchange students are students from academic institutions with which UiT The Arctic University of Norway have formal exchange agreements.

Type of course

This course can be taken as a singular course.To be eligble for the singular course, the applicant must meet the admission requirements for the associated master's programme.

Admission requirements

A Bachelor's degree or equivalent in economics (An example of an equivalent degree can be another bachelor's degree containing a minimum of 80 ECTS in economics).

· The Norwegian grading system is an A-F scale in which A is the highest score and F is fail. An average grade C from a bachelor degree issued in Norway is the minimum requirement for admission to the master's level for students with Norwegian study background.

· Applicants who hold a bachelor's degree or equivalent issued in Europe, Canada, USA, Australia and New Zealand must have an average grade C as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.

· Applicants who hold a bachelor's degree or equivalent issued in countries other than the above mentioned region/countries must have an average grade B as a minimum, or the corresponding numerical mark/percentage score to be considered for admission.

 Application code 9371

Course content

The course applies microeconomic theory to one or more topics in microeconomics. The topics are decided by the School of Business and Economics each year.

Objectives of the course

Students who have successfully completed the course should have achieved the following learning outcomes: Knowledge and comprehension: The students will have knowledge of

  • state-of-the-art theoretical and empirical research on various microeconomic questions, including innovation, intellectual property rights, and economic development
  • microeconomic models to analyze market imperfection
  • application of experimental methods to test microeconomic theories related to economic behavior of firms and market interaction

Skills: The students will develop skill to:

  • use analytical models to formulate and analyze strategic interactions of economic actors
  • formulate and analyze issues related to market imperfection
  • apply theoretical predictions to undertake relevant micro-theoretical tools to real-world decision-making and policy problems

Competence: The student should be able to

  • critically assess current research findings on microeconomic questions
  • develop research proposals addressing economic behavior of firms and market interaction
  • discuss policy questions to address various forms of market failure

Language of instruction


Teaching methods

The course has multiple teaching approaches, lectures and seminars. The students need to be present at campus, and participate in lectures and group-work.


There is a home exam at this course. Grades A-E, F is failure.

There will not be arranged a re-sit exam for this course.

Course work requirement: One hand-in has to be approved.

Date for examination

Take-home examination hand in date 18.12.2018

The date for the exam can be changed. The final date will be announced in the StudentWeb early in May and early in November.


Course overlap

SOK-8002 The Economics of Research and Development 5 stp

Recommended reading/syllabus

Literature will be announced UiTs LMS Canvas at the beginning of term or may be obtained by contacting the campus bookstore Akademika Tromsø: www.akademika.no