Basic Economics
2010-2011 - 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.


  • 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

Group works
Mandatory assignments

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 for the 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, 7. ed., ISBN 978-82-15-01320-6
  • Hoff, Kjell Gunnar og Hoff, Jan Erik, Arbeidsbok til Bedriftens økonomi, Universitetsforlaget, 7. ed., ISBN 978-82-15-01319-0.
  • Laws.