Örebro University School of Business

Course Syllabus

General aims for first cycle education

First-cycle courses and study programmes shall develop:
- the ability of students to make independent and critical assessments
- the ability of students to identify, formulate and solve problems autonomously, and
- the preparedness of students to deal with changes in working life.

In addition to knowledge and skills in their field of study, students shall develop the ability to:
- gather and interpret information at a scholarly level
- stay abreast of the development of knowledge, and
- communicate their knowledge to others, including those who lack specialist knowledge in the field.

(Higher Education Act, Chapter 1, Section 8)

On successful completion of the course, students are expected to demonstrate deeper knowledge and understanding of micro theory.

- Constrained optimization within consumption and production theory, given different specifications
of the utility function and the production function
- Derivation of demand functions, indirect utility functions, expenditure functions and cost functions
- Modelling of different attitudes towards risk in connection with decisions under uncertainty
- Introduction to game theory, different ways in which to model decisions under interdependency
and applications of game theory on monopoly and duopoly markets
- Analysis of economic decisions characterized by asymmetric information between market
operators
- Introduction to voting theory
- Introduction to auction theory.

The teaching takes the form of lectures.

Students who have been admitted to and registered on a course have the right to receive tuition and/or supervision for the duration of the time period specified for the particular course to which they were accepted (see, the university's admission regulations (in Swedish)). After that, the right to receive tuition and/or supervision expires.

For further information, see the university's local examination regulations (in Swedish).

According to the Higher Education Ordinance, Chapter 6, Section 18, a grade is to be awarded on the completion of a course, unless otherwise prescribed by the university. The university may prescribe which grading system shall apply. The grade is to be determined by a teacher specifically appointed by the university (an examiner).

According to regulations on grading systems for first- and second-cycle education (vice-chancellor's decision 2010-10-19, reg. no. CF 12-540/2010), one of the following grades is to be used: fail, pass, or pass with distinction. The vice-chancellor or a person appointed by the vice-chancellor may decide on exceptions from this provision for a specific course, if there are special reasons.

Grades used on course are Fail (U), Pass (G) or Pass with Distinction (VG).

The final grade will be translated into the ECTS grading scale.

For further information, see the university's local examination regulations (in Swedish).

Successful completion of at least 19 credits on the course Economics, Basic Course, 30 Credits.

For further information, see the university's admission regulations (in Swedish).

Students who have previously completed higher education or other activities are, in accordance with the Higher Education Ordinance, entitled to have these credited towards the current programme, providing that the previous studies or activities meet certain criteria.

For further information, see the university's local credit transfer regulations (in Swedish).

The course will be given in English.


Reading List and Other Teaching Materials

Required Reading

See this Course Syllabus as PDF