Economics
30.0 ECTS creditsModule 1: Microeconomic Theory 12 ECTS cr
The module is based on basic economic principles such as weighing costs against advantages, the principle of decreasing yield and alternative cost concept. The effect of household consumption on the demand of goods and services is studied in terms of these concepts along with the effect of producer production and cost structures on the supply of goods and services. The module also deals with how public sector taxation and regulations can affect the market and how these measures can be used to increase welfare, for instance, when there is information or environment probelms or lack of competition because of lack of competition. Special emphasis is given to current economic political issues of micro character. A special section deals with various economic political schools.
Module 2: Macroeconomic Theory, 10.5 ECTS cr
Macrotheory explains aggregated entities such as total production and its use, inflation, unemployment, government budget and balance of trade. The theory also shows how these entities affect each other. The module clarifies the potentials and limitations of economic politics, which is divided into financial politics, directly affecting the real economy, and into money politics, indirectly affecting real economy through interests and inflation. Different exchange rate systems are presented and the different opportunities these provide for economic politics. Macrotheory also includes consideration of long-term growth and short-term fluctuations. The propellents of both are explained. Special emphasis is given to the analysis of current macroeconomic issues.
Module 3: Application, 7.5 ECTS cr
The content of the module can vary from term to term although students always specialise in en economic subarea. In addition to application of previously treated theories, new concepts specific to the specialisation area are introduced. The module consists of a theory component (4.5 ECTS cr) and a written group assignment (3 ECTS cr) in the form of a quantitative report. The offered specialisation area should relate to the programme profile. The content of the module offered is presented before the start of term.
The module is based on basic economic principles such as weighing costs against advantages, the principle of decreasing yield and alternative cost concept. The effect of household consumption on the demand of goods and services is studied in terms of these concepts along with the effect of producer production and cost structures on the supply of goods and services. The module also deals with how public sector taxation and regulations can affect the market and how these measures can be used to increase welfare, for instance, when there is information or environment probelms or lack of competition because of lack of competition. Special emphasis is given to current economic political issues of micro character. A special section deals with various economic political schools.
Module 2: Macroeconomic Theory, 10.5 ECTS cr
Macrotheory explains aggregated entities such as total production and its use, inflation, unemployment, government budget and balance of trade. The theory also shows how these entities affect each other. The module clarifies the potentials and limitations of economic politics, which is divided into financial politics, directly affecting the real economy, and into money politics, indirectly affecting real economy through interests and inflation. Different exchange rate systems are presented and the different opportunities these provide for economic politics. Macrotheory also includes consideration of long-term growth and short-term fluctuations. The propellents of both are explained. Special emphasis is given to the analysis of current macroeconomic issues.
Module 3: Application, 7.5 ECTS cr
The content of the module can vary from term to term although students always specialise in en economic subarea. In addition to application of previously treated theories, new concepts specific to the specialisation area are introduced. The module consists of a theory component (4.5 ECTS cr) and a written group assignment (3 ECTS cr) in the form of a quantitative report. The offered specialisation area should relate to the programme profile. The content of the module offered is presented before the start of term.
Progressive specialisation:
G1N (has only upper‐secondary level entry requirements)
Education level:
Undergraduate level
Admission requirements:
Mathematics 30 ECTS cr or Statistics 30 ECTS cr
Selection:
Selection is usually based on your grade point average from upper secondary school or the number of credit points from previous university studies, or both.
Course code:
NEGA06
The course is not included in the course offerings for the next period.