This is the study programme for 2020/2021.

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.

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.


  • 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

Required prerequisite knowledge



Weight Duration Marks Aid
Written exam1/14 hoursA - FBasic calculator specified in general exam regulations.

Course teacher(s)

Course coordinator
Sigbjørn Landazuri Tveteraas
Course teacher
Atle Øglend
Head of Department
Tore Markeset

Method of work

Lectures, 2-4 hours per week

Overlapping courses

Course Reduction (SP)
Micro Economics (BØK105_1) 5
Microeconomics (BØK265_1) 5
Organization Theory (BIP220_1) 5
Introduction to economics (IND100_1) 5
Organization and Management (IND105_1) 5
Organization, resources and management (BØK225_1) 5

Open to

Biological Chemistry - Biotechnology - Bachelor's Degree Programme
Civil Engineering - Bachelor's Degree Programme
Computer Science- Bachelor's degree programme in computer science
Control Engineering and Circuit Design - Bachelor's Degree Programme
Chemistry and Environmental Engineering - Bachelor's Degree Programme
Mechanical Engineering - Bachelor's Degree Programme, specialization in Mechanical Engineering and Materials Science
Mathematics and Physics - Bachelor's Degree Programme
Geosciences Engineering - Bachelor's Degree Programme
Petroleum Technology - Bachelor's Degree Programme
City and Regional Planning - Master's Degree Programme
Industrial economics - Master's Degree Programme
Industrial economics - Master's Degree Programme - 5 year
Industrial Automation and Signal Processing - Master's Degree Programme - 5 year
Petroleum Engineering - Master`s Degree programme in Petroleum Engineering, 5 years


Link to reading list

This is the study programme for 2020/2021.

Sist oppdatert: 24.10.2020