Basic Economics
2011-2012 - SMF1042 - 10 ECTS

Expected learning outcomes

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

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, 4 hours

Grading Scale

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

External/internal examiner

• External examiner autumn 2011.
• 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.
• 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.