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Blekinge Institute of Technology
Department of Industrial Economics
Revision: 1
Reg.no: BTH-4.1.14-0415-2026
Course syllabus
Microeconomics for Decision Makers
Microeconomics for Decision Makers
6 credits (6 högskolepoäng)
Course code: IY1464
Main field of study: Industrial Economics and Management, Technology
Disciplinary domain: Technology
Education level: First-cycle
Specialization: G1F - First cycle, has less than 60 credits in first-cycle course/s as entry requirements
Language of instruction: English
Applies from: 2026-05-20
Approved: 2026-05-20
1. Descision
This course is established by Dean 2026-01-12. The course syllabus is approved by Head of Department of Industrial Economics 2026-05-20 and applies from 2026-05-20.
2. Prior knowledge
2.1 Entry requirements
Admission to the course requires taken courses in Calculus in one variable, 6 credits, and Macroeconomics, 6 credits. English 6.
3. Objective and content
3.1 Objective
The objective of the course is to develop students’ understanding of how managers allocate resources and seek to optimize resource use in the short and long term. The course also aims to develop students’ ability to apply economic theories and models to solve real-world problems faced by business managers.
3.2 Content
The course begins with a review of basic microeconomic concepts. It then examines how prices are determined using the supply and demand model. The course covers consumer demand and the derivation of the demand curve. It also addresses consumer demand in cases where the assumption of rationality is not fulfilled. The main focus of the course is on applying economic theory to understand how firms optimize their production and minimize their costs. In addition, the course covers theories of perfect competition and monopoly, as well as firms’ optimal pricing strategies. The course also applies theory to explain how the state uses various economic policy measures to promote economic efficiency in society.
4. Learning outcomes
The following learning outcomes are examined in the course:
4.1. Knowledge and understanding
On completion of the course, the student will be able to:
- explain basic microeconomic concepts
- describe the factors that influence consumer demand
- explain how supply and demand interact to determine price and quantity in a competitive market
- describe the consequences of bounded rationality for consumer choice
- explain how firms determine the optimal level of production
- evaluate and explain different types of market failures and the role of the state in promoting economic efficiency
4.2. Competence and skills
On completion of the course, the student will be able to:
- use economic models to solve cost-minimization and profit-maximization problems
4.3. Judgement and approach
On completion of the course, the student will be able to:
- independently apply microeconomic theory to analyze decision-making in firms
- evaluate and critically examine competitive conditions, profitability, and firms’ chances of survival in different types of competitive environments
5. Learning activities
The main forms teaching are lectures and group exercises.
6. Assessment and grading
Modes of examinations of the course
| Code | Module | Credit | Grade |
| 2610 | On-Campus Examination | 6 credits | AF |
The course will be graded A Excellent, B Very good, C Good, D Satisfactory, E Sufficient, FX Failed result, a little more work required, F Fail.
The examiner may carry out oral follow-up of written examinations.
The information before the start of the course states the assessment criteria and make explicit in which modes of examination that the learning outcomes are assessed.
An examiner can, after consulting the Disability Advisor at BTH, decide on a customized examination form for a student with a long-term disability to be provided with an examination equivalent to one given to a student who is not disabled.
7. Course evaluation
The course evaluation should be carried out in line with BTH:s course evaluation template and process.
8. Restrictions regarding degree
The course can form part of a degree but not together with another course the content of which completely or partly corresponds with the contents of this course.
9. Course literature and other materials of instruction
Perloff, J., (Latest edition.) Microeconomics: Theory and Applications with Calculus, Global Edition. Pearson Education.
Scientific articles and other written material of up to 150 pages may be added.