Modern microeconomics is a toolbox where the two main components are classical price theory and game theory.
The aim of the course is to show how these tools can be used to explain how different markets work. Price theory helps explain different consumer and producer behaviour, monopoly pricing and certain forms of market failure while game theory focuses on strategic interaction and helps analyse for example oligopolistic competition and contractual agreements.
This is a 7.5 credit course. One week of full-time studies equals 1.5 credits.
The language of instruction is English.
Course material will be available through the learning platform Athena during the course.
For students who wish to refresh their math skills we offer a voluntary lecture series (matteintro). The series consists of 8 lectures that are given in Swedish.
Instruction is given in the form of lectures and group exercises/seminars.
The course is examined on the basis of a written examination. Students may be awarded examination credits during the course through voluntary partial examination during the course.
Course literatureNote that the course literature can be changed up to two months before the start of the course.
Varian, Hal R, Intermediate Microeconomics with Calculus, International Student Edition, W. W. Norton & Company, New York, latest edition.
Our recommendation is that you alternate semesters in economics with semesters in other main areas. That way, you will already know if you are eligible when you are applying.
We recommend the following course of study:
First semester of economics:
Economics I, 30 credits
Second semester of economics:
Intermediate Microeconomics, 7.5 credits
Intermediate Macroeconomics, 7.5 credits
Empirical Methods in Economics I, 1 7.5 credits
One optional course in economics, 7.5 credits
Third semester of economics:
Bachelor's Thesis in Economics, 15 credits
Two optional course in economics, 7.5 credits each
Always check the prerequisites for the courses you wish to study and plan ahead.
Meet our teachers
”You learn to think like an Economist”
Anna Seim is a researcher and teacher at the Department of Economics. She thinks that studying economics provides a general education that is useful in many different contexts.
What is Economics?
– Economics is about understanding the economy of society at large and concepts such as unemployment, inflation, growth but also why firms and households act the way they do and how they respond to economic policy.
– The economy is a very complex system, and to understand it economists use simplified mathematical and statistical models and focus on what we believe is key to a certain question. Economics is therefore often perceived as technical, and it is to some extent, at least when you study at higher levels, but the use of models is also what enables us to address certain questions in a scientific way, instead of just guessing.
Why study Economics at Stockholm University?
– You learn to think like an Economist and obtain a general education in economics that is useful regardless of your future plans.
– I would say that the physical proximity to the Swedish central bank and other government agencies is unique to Stockholm and enables us to regularly organise guest lectures by, say, deputy governors of the Riksbank and former minsters of finance. We are also a highly international department and the opportunity to participate in visitors’ programmes, both as students and as researchers, implies that we are all part of a vivid and inspiring environment.
What type of job do students of economics typically obtain?
– Many of our former students start working at, for instance, government agencies, ministries, the Central bank and the Competition Authority while others become employed in the private sector and start working at firms, banks or other financial institutions. There is a wide range of professions that you can pursue after studying economics.