Course - Introduction to Economics - SØK1000
SØK1000 - Introduction to Economics
About
Examination arrangement
Examination arrangement: Written examination
Grade:
| Evaluation | Weighting | Duration | Examination aids |
|---|---|---|---|
| Skriftlig eksamen | 100/100 | 5 hours | D |
Course content
The course gives an introduction to economics, and no previous knowledge of economics is required. Central concepts of microeconomics and macroeconomics are introduced and simple economic models are introduced where the impact of economic policies and shocks on policy outcomes are discussed. The course is the base for further studies in microeconomics and macroeconomics.
Learning outcome
Knowledge
You learn
- fundamental concepts of microeconomics
- to use simple models to study the behavior of firms and households, and how markets work
- to apply the models on relevant problems related to the labor market and environmental issues
- essential concepts of welfare economics and market failure
- the concepts of the national accounts
- about fundamental macroeconomic hypotheses like consumption and investment and how to include these hypotheses in simple macroeconomic models
- about essential topics in economics like banking, inflation, unemployment and international trade
Skills
You should be able to
- understand essential concepts of microeconomics
- apply graphic models to study problems related to the market
- apply models where you show how market failure can be corrected
understand the concepts of the national accounts and how they are linked
- set up a simple macroeconomic model and use it to discuss effects of economic policies
- discuss different types of unemployment and apply a simple model to explain trade between countries
General competence
You should be able to
- follow economic reasoning related to the course in the public debate and professional reports
Learning methods and activities
4 hours of lectures every week, and 2 hours of practical assignments every other week. Compulsory activity: Approved term paper(s)/excercise(s). Specific requirements will be announced at the beginning of the term. The term papers/excercises can be written as a joint project by up to four students.
Compulsory assignments
- Godkjent(e) semesteroppgave(r)/øving(er). Antall og krav oppgis ved semesterstart.
Recommended previous knowledge
None
Required previous knowledge
None
Course materials
Announced at the beginning of the term.
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| SVSØ100 | 15.0 |
No
Version: 1
Credits:
15.0 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2018
Language of instruction: Norwegian
Location: Trondheim
- Social Science
- Economics
- Social Sciences