Excerpt from course description

Applied Microeconomics


The main objective of this course is to give students insight into how key economic issues can be analyzed by microeconomic theory. Students will develop an understanding of why we have a public sector and how government intervention, including direct and indirect regulations, affects the economy. Students will gain insight into the purpose and elements of cost-benefit analyzes and develop an understanding of the complexities associated with privatization and competition issues.

Course content

  • Efficiency
  • Taxes and subsidies
  • Inequalities
  • Market failure (externalities, public goods, imperfect competition, natural monopoly and imperfect information).
  • Public sector, some facts
  • Government failure
  • Taxation
  • Cost-benefit analysis
  • Environmental Economics
  • Industrial organization
  • International trade
  • The financial crise
  • Privatization and competition


This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.