Basic Economics
2009-2010 - SMF1042 - 10 ECTS

Expected learning outcomes

The student should after completion of the course:

• Demonstrate a basic knowledge and skills in the economic activity of a company.

The student should therefore

• Be able to carry out costs- and income calculations.
• Understand financial statements and perform an account analysis.
• Make product- and investment calculations, planning and budgeting.
• Find profitable solutions to economic problems within a company.
• Be aware of the economic consequensis of the ideology of universal design.

Topic(s)

• Company goal and value chain in a company.
• Company costs and income.
• Methods and practical use of product calculations.
• Financial statements and analysis, internal accounts.
• Product selection, investment, planning and budgeting.
• Economic problems within a company and profit analysis.

Teaching Methods

Lectures
Group works
Mandatory assignments
Exercises
Tutoring

Form(s) of Assessment

Written exam, 5 hours

Grading Scale

Alphabetical Scale, A(best) – F (fail)

External/internal examiner

• Internal examiner.
• External examiner is used periodically to evaluate contents, arrangements and the examination system.

Re-sit examination

• Ordinary resit.
• Approved exercises are valid only for the first ordinary examination and for the first following resit.

Examination support

• Calculator, table of interest and laws.

Coursework Requirements

• Exercises.
• Details concerning course requirements will be presented at the beginning of the semester.

Teaching Materials

• Hoff, Kjell Gunnar, Bedriftens økonomi, Universitetsforlaget, 6. utgave, ISBN 82-15-00775-9.
• Hoff, Kjell Gunnar og Hoff, Jan Erik, Arbeidsbok til Bedriftens økonomi, Universitetsforlaget, 6. utgave, ISBN 82-15-00776-7.
• Laws.