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.
Dette er emnebeskrivelsen for studieåret 2024-2025. Merk at det kan komme endringer.
Semesters
Fakta
Emnekode
IND200
Vekting (stp)
10
Semester undervisningsstart
Autumn
Undervisningsspråk
Norwegian
Antall semestre
1
Vurderingssemester
Autumn
Timeplan
Litteratur
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.
Content:
- Demand and supply
- Production theory
- Competition and market structures
- Public goods and externalities
- Labour markets and inequality
- International trade
- Behavioral economics
Learning outcome:
Knowledge:
- Master basic concepts of consumer and production theory that underly demand and supply models.
- Be familiar with the different considerations involved in analysis of demand, supply, and market structure.
- Be familiar with differences neoclassic and behavioral economics approach in modelling economic behaviour.
- Be familiar with key concepts in public goods, externalities, taxation, international trade, and labour markets.
Skills:
- The candidate is able to apply the logic of supply and demand models.
- The candidate is able to apply marginal analysis on a range of different economic applications
- The candidate is able to distinguish between fixed and variable costs, short and long run.
- The candidate is able to classify market structures based on key characteristics
- The candidate is able to classify public goods and externalities.
General competence:
- The student is capable of applying the knowledge gained in the course to undertake a rudimentary fundamental analysis of markets.
- The student is able to communicate and report the fundamental characteristics of a market.
Forkunnskapskrav
Ingen
Exam
| Form of assessment | Weight | Duration | Marks | Aid | Exam system | Withdrawal deadline | Exam date |
|---|---|---|---|---|---|---|---|
| Written exam | 1/1 | 4 Hours | Letter grades | Valid calculator 1) | Inspera assessment | — | — |
1) Approved, simple calculator.
Digital exam.
Fagperson(er)
Head of Department:
Tore MarkesetCourse teacher:
Sigbjørn Landazuri TveteraasCourse teacher:
Atle ØglendCourse coordinator:
Ruth Beatriz PincinatoMethod of work
Lectures, 2-4 hours per week
Overlapping
| Emne | Reduksjon (SP) |
|---|---|
| Introduction to economics (IND100_1) , Economics and Markets (IND200_1) | 5 |
| Organization and Management (IND105_1) , Economics and Markets (IND200_1) | 5 |
Åpent for
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
Emneevaluering
There must be an early dialogue between the course supervisor, the student union representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital subject evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.
Litteratur
Book Microeconomics : brief edition McConnell, Campbell R., Grant, Randy R.; Flynn, Sean Masaki; Brue, Stanley L., New York, NY :, McGraw Hill Education, xix, 346 sider :, [2019], isbn:978-1-260-32497-6, Utgaven med ISBN-nummer 9781447089407 inneholder connect/access code til digitalt tilleggsmateriale.
The course description is retrieved from FS (Felles studentsystem). Version 1