Microeconomics 2024/2025

Danish title

Mikroøkonomi

Study programme

Business Economics & Information Technology

Type of education

Full time education

Level of education

Bachelor Programme

Semester

1. semester

Duration of the subject/module

1 semester

Ects

Programme elements

Compulsory

Language

Danish

Start time

Autumn

Spring

Location

Guldbergsgade 29 N, København N

Subject number

9141111

Responsible for the subject(s)/modul(es)

Jens Andersen ‏

Claus Leth Jeppesen ‏

Jan Ivan Andersen ‏

Purpose and learning objectives
The students acquire a basic understanding of microeconomic principles and theories for the purpose of analysing business economics and IT-related issues. This programme element focuses in particular on how market structures and economic mechanisms may influence the decision-making processes of consumers and producers. Finally, the students learn about modern behavioural economic models in addition to the traditional rational optimisation paradigms.
Knowledge
The student has gained development-based knowledge, understanding and an ability to reflect on applied theories and methods regarding
• key concepts of microeconomics, economic thinking and economic systems
• supply and demand, consumer and producer behaviour, price mechanisms, market interventions and market structures
Skills
The student masters skills related to the use of
• microeconomic theories and price formation models, including short-term and long-term supply and demand
• theories and methods to analyse market efficiency and the impact of market interventions on efficiency as well as producer and consumer surplus
• microeconomic models to be presented to partners and users
Competences
The student is able to handle complex and development-oriented issues in relation to
• financial decision-making based on an understanding and analysis of market efficiency, costs and profit

The student is able to identify their own learning requirements and develop their own knowledge, skills and competencies in relation to
• microeconomics
Type of instruction
Class room teaching, with elements of lectures, discussions, group assignments, problem-oriented case assignments (including interdisciplinary with other subjects).
Exam
The learning outcomes of the exam are identical with the learning outcomes of the subject(s)/modul(es)
Prerequisites for access to the examination
Hand in assignments can be bound prerequisites. It will appear on the semester plan, which assignments are bound prerequisites. Bound prerequisites are part of demonstrating the active enrolment of the individual student.
Exam in one or more subjects
Subject/module is tested with the following modules
9141112, 9141113, 9141114, 9141115, 9141116
There are three part-exams in the semester, each weighted 20 pct., 20 pct. and 60 pct. The exams are with an internal examiner.
- The student must take part in all the part-exams and submit an assignment. Otherwise, one will be disenrolled from the programme.
- Part-exam 1 and part-exam 2 need not necessarily be passed.
- Part-exam 3, also known as the semester project, must be passed.
- The semester is passed, if the student achieves a total grade of 02 without rounding up.
- If the semester is not passed, the student must take part in re-exams of those part-exams, that was not passed, so the total semester is passed.
- If more than one part-exam is not passed, the re-exams must be passed in the same order, they had on the semester, until the total semester is passed.

When the part-exams will take place, will be published on KEA's learning platform at the start of the semester.
Type of exam
Combined written and oral examination
The part-exams that are weighted 20 pct. are written exams.

The part-exams test whether the learning objectives for the individual semester modules have been. However, the part-exams that are weighted 20 pct. focus mainly on the learning objectives for the knowledge and skills categories.

The part-exam that is weighted 60 pct. is a written assignment with an individual oral defence. It is the project submitted by the student that serves as the starting point for the oral part of the part-exam that is weighted 60 pct. The 60 pct. part-exam tests the learning objectives within the categories of knowledge, skills and competencies for all the semester modules.

The oral exam lasts 30 min. incl. grading. An overall grade is given according to the 7-point grading scale.
Formal requirements
The project must be interdisciplinary and problem oriented.

Any assignment formalia will appear on the assignment presentation including number of group members, however typically between two and seven.
Individual exam or group exam
Individual
Exam languages
Danish (Norwegian/Swedish)
Duration
1. Individual presentation based on report: 5 minutes.
2. Individual examination: 20 minutes.
3. Discussion of performance and announcement of grade: 5 minutes.
This exam is a common exam for all teaching subjects at 1. semester.
Permitted exam aids
A laptop can be used for presentation during the exam.
Type of evaluation
7-point grading scale
Examiners
Internal censure
Exam criteria
The overall grade for the semester is the weighted result of part-exam 1, part-exam 2 and part-exam 3/the semester project.
The overall grade is the arithmetic rounded result to the nearest grade on the 7-point grading scale and it is the weighted result of:
- The grade for part-exam 1 (20 pct.).
- The grade for part-exam 2 (20 pct.).
- The grade for part-exam 3/the semester project (60 pct.).
The grade of 02 cannot be obtained by rounding up.

The evaluation of the students performance is based on the degree to which it complies with the purpose and learning objectives of the subjects, as described in the curriculum.
Deadline for submission
Will appear on the assignment presentation.
Re-examination and re-examination due to illness
The exam will be held in the same way as the normal exam. The new project can either be based on the same problem as the original exam project or on a new problem.

hours of teaching

101

hours of preparation

The figure shows the extent of workload related to the subject divided into different study activities.

In the subject Microeconomics you will receive 36 hours of instruction, which corresponds to 48 lessons (1 lesson = 45 min.) and 26% of your total workload for the subject.

The teaching primarily consists of the following activities: classroom teaching, cases, interdisciplinary project-based teaching.
The preparation primarily consists of the following activities: reading the curriculum, group work, project work.

Read about KEAs Study Activity Model

*KEA can deviate from the number of hours if this is justified by special circumstances