The module introduces the student to basic concepts of microeconomic theory.
Market demand, market supply and market equilibrium are derived from assumptions about the behaviour of households and companies under different market forms. The student will be able to apply comparative statics (i.e. analyse changes in equilibrium price and quantity) to output, input and international markets in order to assess the impact on companies in the market, including the impact of price regulation and taxation.
Causes, consequences and solutions to various market imperfections related to imperfect competition (monopoly, monopolistic competition and oligopoly) as well as other imperfections (externalities, public goods and asymmetric information) are discussed based on microeconomic theory (often supported by graphical or mathematical representation) and concrete cases and real-life examples. The physical teaching activities are supported by video and exercises on a digital learning platform.
Therefore, the module focuses on the importance of the business environment, which is also addressed in the following semesters' modules (e.g. in macroeconomics).
The objective is that the student after the module possesses the necessary knowledge on:
The objective is that the student after the module possesses the necessary skills in:
The objective is that the student after the module possesses the necessary competences in:
For information see § 17.
|Name of exam||Microeconomics|
|Type of exam|
Written or oral examIndividual examination.
|Assessment||7-point grading scale|
|Type of grading||Internal examination|
|Criteria of assessment||The criteria of assessment are stated in the Examination Policies and Procedures|
|Language of instruction||Danish|
|Location of the lecture||Campus Aalborg|
|Responsible for the module|
|Study Board||Study Board of Economics and Business Administration|
|Department||Aalborg University Business School|
|Faculty||Faculty of Social Sciences and Humanities|