Economics and markets (IND200)
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.
Course description for study year 2021-2022. Please note that changes may occur.
Facts
Course code
IND200
Version
1
Credits (ECTS)
10
Semester tution start
Autumn
Number of semesters
1
Exam semester
Autumn
Language of instruction
Norwegian
Time table
Admission requirements
General university admissions certification (GSK)
Content
- 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
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.
Required prerequisite knowledge
None
Exam
| Form of assessment | Weight | Duration | Marks | Aid |
|---|---|---|---|---|
| Written exam | 1/1 | 4 Hours | Letter grades | Valid calculator 1) |
1) Approved, simple calculator.
Course teacher(s)
Course teacher:
Atle ØglendHead of Department:
Tore MarkesetMethod 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 for
Admission to Single Courses at the Faculty of Science and Technology
City and Regional Planning - Master's Degree Programme
Industrial economics - Master's Degree Programme
Industrial economics - Master's Degree Programme - 5 year
Petroleum Engineering - Master`s Degree Programme in Petroleum Engineering, 5 years
Exchange programme at Faculty of Science and Technology