lunduniversity.lu.se

Department of Economics

Lund University School of Economics and Management

Basic level in Economics

introductory courses in Economics.

The general course (30 credits) constitutes the first term's studies in Economics. The objective is to provide students with fundamental knowledge of economic theory and the ability to apply economic theory to relevant problems, as well as to provide knowledge of, and ability to critically evaluate, economic conditions and development trends at the national and international levels.


NEKA12 - Economics, general course, 1-30 credits 
(Curriculum) (Offered in Swedish)

The course consists of four component courses as follows:

  • Microeconomic Theory with Applications, 11 credits
  • Macroeconomic Theory and Economic Policy, 9 credits
  • International Economics, 5 credits
  • Financial Economics, 5 credits

SASE31 - International Economics, 7.5 credits
(Curriculum) (Offered in English) (Autumn term)

Literature list autumn term 2017

The course starts with a survey of the theories of international trade, an analysis of profits associated with international trade, and the effects of international trade on the price of goods and factor prices. Furthermore, theories of factor mobility are studied as well as the emergence of transnational corporations. The course also treats the motives behind different trade policies and the effect they can have, and the framework and organisation of the international trade system. Finally, the role of trade policy and regional integration for trade and development is discussed.


NEKA61 - Microeconomic Theory with Applications, 10 credits
(Curriculum) (Offered in English) (Spring term)

Literature

The course starts with a short introduction to the central questions within economics followed by a presentation of the necessary institutions in a free market economy. The pricing problem is developed within a model of supply and demand. This model acts as a starting point for a deeper analysis of consumer and producer behaviour. Choice and decision making is analysed using preferences and utility functions. On the supply side, three alternative market structures are studied: perfect competition, monopolistic competition, and monopoly. The role of the government is analysed from three different perspectives: welfare economics, where the government corrects market failures; public choice, where the government is run by utility maximising politicians and bureaucrats; and new institutional economics, with a focus on owners’ rights and transaction costs. 

NEKA62 - Macroeconomic Theory and Economic Policy, 10 credits (Curriculum) (Offered in English(Autumn term)

Literature

The course starts with a short introduction to the central issues and terminology of macroeconomics. Thenm, the following areas are treated:

  • national and finance accounts,
  • unemployment and labour market policies,
  • inflation,
  • the role of the central bank in monetary policy,
  • the functions and role of money in the macroeconomy
  • exchange rates and exchange rate systems,
  • the Keynesian model for short run macroeconomic analysis,
  • the AS-AD model and the Phillips curve for medium term macroeconomic analysis,
  • the effects on macroeconomic outcome of various economic events,
  • macroeconomic policy (fiscal and monetary policy),
  • long run economic growth,
  • some macroeconomic events since 1970. 


NEKA63 - Financial Economics, 5 credits
(Curriculum) (Offered in English(Spring term)

Literature

The course starts with a description of the different roles of the financial system, followed by a survey of the most important financial markets and instruments including simple derivatives. Throughout the course special attention is given to the pricing of risk and risk management. The portfolio choice of a risk avert individual is thoroughly examined. The efficient market hypothesis and its role in making investment decisions is also discussed. Finally, corporate financing and dividend policy are discussed. 

NEKA64 - International Economics, 5 credits
(Curriculum) (Offered in English(Autumn term)

Literature

The course starts with a survey of the theories of international trade, an analysis of profits associated with international trade, and the effects of international trade on the price of goods and factor prices. Furthermore, the role of firms in the global economy are studied as well as theories of factor mobility and the emergence of transnational corporations. The course also treats the motives behind different trade policies and the effect they can have, and the framework and organisation of the international trade system. Finally, the role of trade policy and regional integration for trade and development is discussed. 


 

 

 

 

 

General requirements NEKA12

  • A higher secondary certificate that gives access to university studies in your home country and an internationally recognized test of Swedish if your mother tongue ia another language

Specific requirements NEKA12

  • English: Course B according to the Swedish gymnasium programme.
  • Mathematics: Course C according to the Swedish gymnasium programme.
  • Social studies: Course A according to the Swedish gymnasium programme.

Language of Instruction NEKA12

  • Swedish.

REquirements SASE31

  • Only open for incoming exchange students and Study Abroad students
  • At least 30 ects completed university courses.

Requirements NEKA61-NEKA64

NEKA61 - NEKA63
General and courses corresponding to the following Swedish Upper Secondary School Programs: English 6, Mathematics 3b/3c and Social Studies 1b/1a1+1a2. 

NEKA64
Students who are admitted to the Bachelor Programme in International Business and have passed NEKA61 "Microeconomic Theory with Applications" are qualified for this course. For other students, at least 7.5 ECTS credits in introductory microeconomics is required.