Microeconomics and international trade

This course is based upon the fundamental principles of economics: balancing costs and benefits, the concept of alternative costs, and the principle of diminishing returns. How consumer behaviour affects the demand for goods and services is studied in the light of the aforementioned principles. How the producer's production and cost structure influence the supply of goods and services is also covered. The course discusses how the public sector can influence a market through taxes and regulations as well as how taxes and regulations can be used as a means of increasing welfare in terms of information problems, environmental problems, and in cases of limited competition such as monopoly and oligopoly. In addition, international trade and investments are treated and problematised. The effects of trade restrictions such as duties and import quota are analysed. The reasons for businesses to move abroad instead of exporting from Sweden, for example, are also discussed.

Progressive specialisation: G1N (has only upper‐secondary level entry requirements)

Education level: Undergraduate level

Admission requirements: General admission requirements plus upper secondary level Mathematics 3b or 3c and Civics 1b or 1a1+1a2, or equivalent

Selection:

Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.

This course is included in the following programme

• International Business (studied during year 1)