Course - Market Theory - SØK1020
SØK1020 - Market Theory
About
New from the academic year 2024/2025
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| School exam | 100/100 | 3 hours | C |
Course content
The course introduces microeconomic- and market theory, and no previous knowledge of economics is required. Central concepts of microeconomics are introduced, and simple microeconomic models are used to discuss the impact of economic policies and other factors affecting households, firms, and the market. The course is the base for further studies in microeconomics.
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, for example related to environmental issues
- essential concepts of welfare economics and arguments for policy interventions
Skills
You should be able to
- understand fundamental concepts of microeconomics
- apply graphic models to study problems related to the market
- apply models where you show how market failure can be corrected
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
2 hours of lectures every week and 2 hours of practical assignment every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.
Compulsory assignments
- Mandatory activity
Further on evaluation
Compulsory activity must be completed in the semester the course is taught. The approval also applies to later semesters.
Approved compulsory activity from SØK1000 Introduction to economics also applies to this course.
Recommended previous knowledge
None
Required previous knowledge
None
Course materials
Announced at the beginning of the term
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| SØK1000 | 7.5 | AUTUMN 2024 |
No
Version: 1
Credits:
7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2024
Language of instruction: Norwegian
Location: Trondheim
- Economics
- Social Sciences
Department with academic responsibility
Department of Economics
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 C INSPERA
-
Room Building Number of candidates - Spring ORD School exam 100/100 C INSPERA
-
Room Building Number of candidates
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"