Microeconomic Principles 7,5 CreditsIn the Microeconomic Principles course, students are introduced to basic concepts of consumer choice, production theory, the functioning of different markets, and the importance of prices for efficient resource allocations.
Course ContentsImportant elements of the course are:
- Consumer behavior in goods and factor markets,
- Producer behavior in goods and factor markets,
- Different market forms such as perfect competition and monopoly,
- The foundation of welfare theory,
- The cause and effect of market failure,
- Allocation and distribution effects from taxation,
- Externalities and their effect
Connection to Research and Practice
The microeconomic models introduced in the course are based on research. The theories on welfare and markets broadly connect to JIBS research area renewal. Microeconomic theories, and models are put into practice through the assignment, which involve real-world issues.
PrerequisitesGeneral entry requirements and English 6, Mathematics 3b or 3c and Civics 1b or 1a1+1a2 and required grade Passed. Exemption is granted from requirement in Swedish.
Level of Education: Undergraduate
Course code/Ladok code: JMIG12
The course is conducted at: Jönköping International Business SchoolLast modified 2022-04-05 08:52:53