Microeconomics and quantiative methods

Module 1 Quantitative methods in economics, 7.5 ECTS cr
The module includes both a mathematical and a statistical component. The mathematical component starts with a review of basic arithmetic and solving equations and continues with one-variable analysis, differential calculus and optimisation. Multivariate analysis and optimisation and constrained optimisation. The statistical component discusses probability theory and inference. The content of both components centres on the parts relevant to economics with an emphasis on applied mathematics and statistics as well as the practical skills in solving problems. The module is concluded with an individual hand-in assignment applying statistical methods to an economic problem.

Module 2 Microeconomics, 7.5 ECTS cr
Students develop deeper and broader insights into microtheory compared to previous courses. They study consumption, production and general equilibrium theory with the help of analytical methods. Areas studied are, for example, individual demand function, disclosed preferences, income and substitution effects, intertemporal choice, choice under uncertainty, game theory, partial and general market equilibrium. Welfare theory and a thorough study of why the market can fail due to external effects are also included as are collective utilities and information deficit (asymmetric information).

Progressive specialisation: G1F (has less than 60 credits in first‐cycle course/s as entry requirements)

Education level: Undergraduate level

Admission requirements: Economics 30 ECTS cr, Statistics 15 ECTS cr

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.