On the basis of
Expected learning outcomes
The purpose is to train students in the systematic analysis of consumer and firm behaviour in various market situations. The course also analyzes the efficiency of resource use given different market forms (perfect competition, monopoly, oligopoly).
The purpose is to explain the most important concepts and relationships in the income and product accounts (national accounts). The course is also giving an introduction to theories of economic growth, macroeconomics fluctuations(business cycles) and explaining how fiscal and monetary policies affect the macroeconomy.
- Demand, supply and market equilibrium
- Consumer behavior with budget constraint and consumer preferences, effects of changes in price and income levels, emand functions and elasticities
-Firm behavior with production theory, the optimal use of input factors and the the cost of production
- Market theory with perfect competition, monopoly and oligopoly
- National accounts and macroeconomics data
- Foundation of long-run economic growth
- Structural unemployment, price and wage formations
- Business cycles, aggregate demand and fiscal policy in the short run
- Inflation and monetary policy: Inflation targeting by the Central Bank
Form(s) of Assessment
Written exam, 5 hours
Alphabetical Scale, A(best) – F (fail)
Two internal examiners
Ordinary re-sit examination
Details concerning course requirements will be presented at the beginning of the semester.
Pindyck & Rubinfeld: Microeconomics, siste utgave, kap. 1-4, 6-11 (utvalgte deler), Prentice Hall.
Anders Dedekam jr.: Makroøkonomi siste utgave (utvalgte deler). Fagbokforlaget
Ringstad,Vidar: Samfunnsøkonomi og økonomisk politikk (siste utgave), Oslo. Cappelen Akademiske Forlag.
Ivar Bredesen og Anders Dedekam jr. : Hjelper til Makroøkonomi, Fagbokforlaget.
St. melding nr. 1 (2008-2009). Nasjonalbudsjettet 2009. Oslo:Finans-og tolldepartementet. (kommer i oktober 2008)