SOK-3003 Applied Microeconomics - 10 ECTS
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.
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
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