Swedish name: Nationalekonomi B100:2
This syllabus is valid: 2017-11-13 and until further notice
Syllabus for courses starting after 2017-11-13
Syllabus for courses starting between 2017-08-21 and 2017-11-12
Syllabus for courses starting between 2017-01-09 and 2017-08-20
Syllabus for courses starting between 2016-07-25 and 2017-01-08
Syllabus for courses starting between 2015-07-20 and 2016-07-24
Syllabus for courses starting between 2014-07-21 and 2015-07-19
Course code: 2NE068
Credit points: 15
Education level: First cycle
Main Field of Study and progress level:
Economics: First cycle, has less than 60 credits in first-cycle course/s as entry requirements
Grading scale: Three-grade scale
Responsible department: Department of Economics
Revised by: Rector of Umeå School of Business and Economics, 2017-11-09
Module 1 (Fall): Environmental and Natural Resource Economics, 7.5ECTS
The aim of the module is to offer an insight in environmental and natural resource economics and a deeper analysis of environmental policy instruments. The concept of natural resources is applied on renewable resources, such as forests, but also on non-renewable resources such as oil and minerals. The resource allocation is analyzed within the framework of perfect competition but also in situations where the markets are characterized by imperfect competition and negative externalities. The theoretical models are applied on different kind of environmental issues. Central questions are: How much shall we spend on improving the environment? How efficient are different policy instruments?
The module also introduces various econometric methods, as binary models, to determine the value of non-market priced resources, e.g. rare species. Other models to determine the effect of different environmental policies are also introduced.
Module 1 (Spring): Public Economics, 7.5ECTS
The module is only avaliable in Swedish.
Module 2 (Fall): Monetary and Financial Economics, 7.5ECTS
The course analyses the role of money in the economy and provides an introduction to financial economics. The first part of the course describes and analyses the role of the central bank and the importance of banks for the transmission mechanism. The next part of the course deals with interest bearing instruments. Different debt instruments are defined and explained as well as the basic concepts of how to value financial assets. Particular emphasis will be put on bonds. The final part of the course introduces modern portfolio theory, including Markowitz model and CAPM. The econometric part of the course focus on time series analysis of financial data.
Module 2 (Spring): Labour Economics, 7.5ECTS
The module is only avaliable in Swedish.
Module 1 (Fall): Environmental and Natural Resource Economics, 7.5ECTS
Upon completing this module, students should be able to:
Module 3 (Spring): Public Economics, 7.5ECTS
The module is only avaliable in Swedish.
Module 4 (Fall): Monetary and Financial Economics, 7.5ECTS
Upon completing this module, students should be able to:
Module 4 (Spring): Labour Economics, 7.5ECTS
The module is only avaliable in Swedish.
Economics B100:1, 15 ECTS or equivalent.
The education is given in form of lectures, group sessions, video lectures and seminars.
The examination consists of mid-module exams, written examinations at the end of each module, assignments and seminars.
The results from mid-module exams, assignments and seminars are only valid during the current semester. Students not having a Pass on assignments or seminars will be given an additional corresponding examination opportunity, within the scope of the given module.
A second exam opportunity is always offered within a short time span after the regular exam date for those students not achieving a Pass, except during spring semesters. The subsequent exam opportunity is either the re-take opportunity the week before the fall semester or the next regular exam date.
The following grading system will be used: Pass with Distinction (Väl Godkänd), Pass (Godkänd) or Fail (Underkänd). Grades on the course are awarded when the student has passed all examinations and compulsory course elements on all four modules. The grade Pass with Distinction on the course requires the grade Pass with Distinction on at least three out of four modules.
It is normally not possible to do additional examinations to reach a higher grade. Exceptions can be made for a student with the grade Fail on any of the examinations if the examiner (not the lecturer) finds this appropriate. The task must be a minor undertaking, closely related to the learning outcome not reached, and performed in close proximity to the original examination.
When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the Dean of the Business School no later than two weeks before the next examination opportunity.
Credit transfer
Academic credit transfers are according to the University credit transfer regulations.
Money, banking, and financial markets
Cecchetti Stephen G., Schoenholtz Kermit L., Stern Leonard N.
4. ed. : New York : McGraw-Hill Education : [2015] : xliv, 674 pages, 34 variously numbered pages :
ISBN: 9789814575164 (Global ed.)
Search the University Library catalogue
Introduction to econometrics
Stock James H., Watson Mark W.
3. rev. ed., Global ed. : Harlow : Pearson Education : 2014 : 848 s. :
ISBN: 978-1-292-07131-2
Search the University Library catalogue
Public finance
Rosen Harvey S., Gayer Ted, Civan Abdülkadir
10. ed., global ed. : New York, NY : McGraw-Hill : 2014 : xxii, 588 s. :
ISBN: 007715469X
Search the University Library catalogue
Hussen Ahmed M.
Principles of environmental economics and sustainability : an integrated economic and ecological approach
3. ed. : London : Routledge : 2013 : 417 s. :
ISBN: 9780415676915
Mandatory
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Arbetsmarknaden
Björklund Anders, Edin Per-Anders, Fredriksson Peter, Holmlund Bertil, Wadensjö Eskil
4. uppl. : Lund : Studentlitteratur : 2014 : 413 s. :
ISBN: 9789144092379
Search the University Library catalogue
Introduction to econometrics
Stock James H., Watson Mark W.
3. rev. ed., Global ed. : Harlow : Pearson Education : 2014 : 848 s. :
ISBN: 978-1-292-07131-2
Search the University Library catalogue