Course

Economics and Markets (IND200)

This course provide an introduction to market behavior in a microeconomic perspective. The main focus is on firm behavior and factors than influence production. Demand is also covered with a focus on consumers' behavior, and on the interaction between demand and supply in markets.


Course description for study year 2020-2021. Please note that changes may occur.

Semesters

Facts

Course code

IND200

Credits (ECTS)

10

Semester tution start

Autumn

Language of instruction

Norwegian

Number of semesters

1

Exam semester

Autumn

Time table

View course schedule

Literature

The syllabus can be found in Leganto

Content

  • Introduction to microeconomics and organisation theory
  • The firms demand for input factors
  • The effect of price changes on production
  • What determines demand for a product
  • The market
  • How the market structure influence the degree of competition
  • Wage determination
  • International trade

Learning outcome

The candidate should be able to explain how different factors influence demand and supply of different products and how price changes influence market behavior. The candidate should also be able to conduct fundamental analysis of profitability and behavior in a market.

Required prerequisite knowledge

None

Exam

Form of assessment Weight Duration Marks Aid Exam system Withdrawal deadline Exam date
Home exam 1/1 4 Hours Letter grades Inspera assessment 16.11.2020 —


Course teacher(s)

Head of Department:

Tore Markeset

Course teacher:

Sigbjørn Landazuri Tveteraas

Course teacher:

Atle Øglend

Course coordinator:

Ruth Beatriz Pincinato

Method of work

Lectures, 2-4 hours per week

Overlapping courses

Course Reduction (SP)
Introduction to economics (IND100_1) , Economics and Markets (IND200_1) 5
Organization and Management (IND105_1) , Economics and Markets (IND200_1) 5

Open for

Pre-School Teacher - Bachelor's Degree Programme Pre-School Teacher - Bachelor's Degree Programme Bachelor in child protection and child welfare Battery and Energy Engineering - Bachelor in Engineering Biological Chemistry - Biotechnology - Bachelor's Degree Programme Civil Engineering - Bachelor in Engineering Urban Planning and Societal Safety - Bachelor's Degree Programme Computer Science - Bachelor in Engineering Computer Science - Bachelor in Engineering, Part-Time Digital Service Management - Bachelor's Degree Programme Electrical Engineering, Vocational Path - Bachelor's Degree Programme, part-time Electrical Engineering, Vocational Path - Bachelor's Degree Programme Electrical Engineering - Bachelor's Degree Programme, part-time Electrical Engineering - Bachelor's Degree Programme Energy and Petroleum Engineering, Vocational Path - Bachelor in Engineering Energy and Petroleum Engineering - Bachelor in Engineering English Language and Literature - Bachelor's Degree Programme Film and TV Production - Bachelor's Degree Programme Geosciences and Energy Resources - Bachelor in Engineering History - Bachelor's Degree Programme Hotel Management - Bachelor's Degree Programme Sports Science- Bachelor's Programme Journalism - Bachelor's Degree Programme Environmental Engineering - Bachelor in Engineering Mechanical Engineering - Bachelor in Engineering Mathematics and Physics - Bachelor's Degree Programme Medical technology - Bachelor in Engineering Medical Technology - Bachelor in Engineering - part time Nordic Language and Literature - Bachelor's Degree Programme Paramedic - Bachelor's Degree Programme Geosciences Engineering - Bachelor in Engineering Petroleum Technology - Bachelor in Engineering Psychology - Bachelor's Programme Tourism Management - Bachelor's Degree Programme Religion, Culture and Society - Bachelor's Programme Law - bachelor's degree program Extended School Education - Bachelor's Degree Programme Sociology - Bachelor's Degree Programme Social Work - Bachelor's Degree Programme Political Science - Bachelor's Degree Programme Nursing - Bachelor's Degree Programme Customs and Border Management - Bachelor's Degree Programme Business Administration - Bachelor's Degree Programme
Admission to Single Courses at the Faculty of Science and Technology
City and Regional Planning - Master of Science Degree Programme, Five Years Primary and Lower Secondary Teacher Education for Years 1 - 7, Master Primary and Lower Secondary Teacher Education for Years 1 - 7, Master, Part-Time Primary and Lower Secondary Teacher Education for Years 5 - 10, Master Industrial Economics - Master of Science Degree Programme Industrial Economics - Master of Science Degree Programme, Five Year Industrial Automation and Signal Processing - Master's Degree Programme - 5 year Advanced teacher education for levels 8-13 Advanced teacher education for level 8-13 in science Mathematics and Physics - Five Year Integrated Master's Degree Programme Petroleum Engineering - Master of Science Degree Programme, Five Years Half Year Intermediate Program in English Half Year Intermediate Program in History Christianity/Religion - Half Year Intermediate Programme Half Year Intermediate Program in Nordic Languages and Literature Educational Theory and Practice Educational Theory and Practice Educational Theory and Practice in Performing and Creative Arts Educational Theory and Practice in Performing and Creative Arts
Exchange programme at Faculty of Science and Technology
Drama and Theatre Communication- One-year programme English - One-year programme Outdoor Education Offshore Wind Energy - One-Year Study Program History - One-year programme Sports Science- One-year programme Communication - One Year Study Programme Religious Studies - One-year programme Arts and Crafts - One-year programme Learning and Psychology, a one-year course Mathematics - One-Year Programme Primary and Secondary School Music Education Nordic Languages and Literature - One-year programme Psychology - One-year programme Science and Technology - one-year programme Tourism in change - One - year Programme Sociology - One-year programme Political Science - One - year Programme One year study programme - Music Performance

Literature

Obligatorisk1. McConnell CR. Microeconomics : brief edition . Third edition. (Grant RR, Flynn SM, Brue SL, red.). McGraw Hill Education; 2019.

Contact

Head of Department:

Tore Markeset

Course teacher:

Sigbjørn Landazuri Tveteraas

Course teacher:

Atle Øglend

Course coordinator:

Ruth Beatriz Pincinato

Offered by

Faculty of Science and Technology

Department of Safety, Economics and Planning

The course description is retrieved from FS (Felles studentsystem). Version 1