The course is included in these curricula and study modules

Level/category

Professional studies

Teaching language

English

Type of course

Compulsory

Recommended year of study

1

Total number of ECTS

5 cr

Competency aims

Microeconomics is concerned with specific economic units (individual industry, firms or households) and a detailed considerations of these individual units. The focus is on the price of a specific product, the revenue and expenditures of a single firm etc. In the latter part of the course some important issues from macroeconomics are examined.

Learning outcomes

At the end of the course the student should have obtained basic understanding the economics of business enterprises and be able to use some of the basic analytical tools to make simple economic analysis.

Course contents

- Tools of Economic Analysis - Introduction to Economics - Elasticities of Demand and Supply - Consumer Choice - Costs and Supply - Perfect Competition and Monopoly - Labour Markets - Factor Markets

Prerequisites and co-requisites

None

Previous course names

Economics

Additional information

Attendance at at least 70% of the lectures required. More information will be given in class about assignments.

Recommended or required reading

D. Begg & R. Dornbusch & S. Fischer (2011). Economics. Eigth Edition. McGraw - Hill

Study activities

  • Lectures - 45 hours
  • Individual- and group instruction - 10 hours
  • Practical exercises - 17 hours
  • Individual studies - 58 hours

Workload

  • Total workload of the course: 130 hours
  • Of which autonomous studies: 130 hours
  • Of which scheduled studies: 0 hours

Mode of Delivery

Participation in tuition

Assessment methods

  • Exams (written-, oral-, home-)

Assessment requirements

There will be a final examination which must be passed with the grade 55/100.

Teacher

Eldon Sveinn

Examiner

Eldon Sveinn

Home page of the course

None

Group size

No limit

Assignments valid until

12 months after course has ended

The timetable of the course

Will be given during the first lecture

Assessment methods

  • 2012-10-24 - Exams
  • 2012-10-24 - Other assignments

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