The course is included in these curricula and study modules

Ib 2001 - 2004 - Business environment


Extension studies

Teaching language


Type of course

Free Elective

Recommended year of study


Total number of ECTS

5 cr

Competency aims

The aim of the course is to familiarize students with the workings of the national economy.

Learning outcomes

Upon completing the course the student should have basic understanding of the workings of the national economy and able to conduct a simple economic analysis.

Course contents

- Output and Aggregate Demand
- Fiscal Policy
- Money and Banking
- Interest Rates
- Aggregate Supply
- Inflation
- Unemployement

Prerequisites and co-requisites

None (Microeconomics)

Previous course names


Additional information

Will be given in class

Recommended or required reading

David Begg: 2005. Economics. McGraw-Hill

Study activities

  • Lectures - 60 hours
  • Exercise based learning - 30 hours
  • Tuition managed by students but supervised by the teacher - 5 hours
  • Individual studies - 32 hours


  • Total workload of the course: 127 hours
  • Of which autonomous studies: 32 hours
  • Of which scheduled studies: 95 hours

Mode of Delivery

Participation in tuition

Assessment methods



Eldon Sveinn

Home page of the course


Group size

No limit

Assignments valid until

Until further notice

The timetable of the course

Will be given during the first lecture

Assessment methods

2007-04-15 - Exams

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