Bachelor's studies

NEKA12 - Economics, general course, 1-30 credits  
(Curriculum) (Only offered in Swedish)
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.

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, and only for incoming exchange students) (Autumn term)
Literature: see practical study information

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.

Bachelor Programme in International Business
Bachelor Programme in Economy & Society
Autumn term: NEKA62 & NEKA64
Spring term: NEKA61 & NEKA63
Literature: see practical study information

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

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)

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)

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)

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. 

At the intermediate level the Department of Economics offers courses in economic methods and courses in specific subjects in Economics. This gives the student the possibility to combine courses based on her own area of interest. The Department of Economics does not offer an English taught Bachelor's programme in Economics, but each year we offer some Intermediate level courses where English is the means of instruction and students are welcome to apply for free-standing courses or they can study at our Department via a student exchange programme. 

Courses at the Intermediate level are all 7.5 ECTS credits each.

The minimum requirement for all intermediate courses is 20 ECTS in Economics including at least 7.5 credits in basic Microeconomics. Please note that some courses have additional requirements - se course curricula.

Literature: see practical study information

Autumn term
September - October
NEKG21 - Microeconomic Analysis, 7.5 hp 
NEKG33 - Mathematical Methods for Economics, 7.5 hp (Curriculum)
NEKH71 - Economic Integration, 7.5 hp *
NEKH72 - Trade Theory, 7.5 hp *
NEKH81 - Portfolio Selection, 7.5 hp * 
NEKH82 - Option Theory, 7.5 hp (Curriculum)

November - January
NEKG31 - Econometrics, 7.5 hp 
NEKG41 - Macroeconomic Analysis, 7.5 hp *
NEKG52 - Public Economics and the Welfare State, 7.5 hp * (offered Autumn term 2024, 2025)
NEKG61 - Health Economics, 7.5 hp * (offered Autumn term 2024, 2025)
NEKG81 - Fixed Income Securities, 7.5 hp (Curriculum)
 
Spring term
January - March
NEKG21 - Microeconomic Analysis, 7.5 hp 
NEKG33 - Mathematical Methods for Economics, 7.5 hp (Curriculum)
NEKH21 - Industrial Organisation, 7.5 hp * 
NEKH41 - Economic Growth, 7.5 hp (Curriculum)
NEKH61 - Labour Economics, 7.5 hp * (offered Spring term 2025, 2026)

April - June
NEKG31 - Econometrics, 7.5 hp
NEKG41 - Macroeconomic Analysis, 7.5 hp * 
NEKG71 - Development Economics, 7.5 hp *
NEKG81 - Fixed Income Securities, 7.5 hp (Curriculum)

Note. * = course offered in English.