course-details-portlet

SØK1000 - Introduction to Economics

About

Examination arrangement

Examination arrangement: Home examination
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
Home examination 100/100 5 hours A

Course content

The course gives an introduction to economics, and no previous knowledge of economics is required. Central concepts of microeconomics and macroeconomics are introduced and simple economic models are introduced where the impact of economic policies and shocks on policy outcomes are discussed. The course is the base for further studies in microeconomics and macroeconomics.

Learning outcome

Knowledge

You learn

  • fundamental concepts of microeconomics
  • to use simple models to study the behavior of firms and households, and how markets work
  • to apply the models on relevant problems related to the labor market and environmental issues
  • essential concepts of welfare economics and market failure
  • the concepts of the national accounts
  • about fundamental macroeconomic hypotheses like consumption and investment and how to include these hypotheses in simple macroeconomic models
  • about essential topics in economics like banking, inflation, unemployment and international trade

Skills

You should be able to

  • understand essential concepts of microeconomics
  • apply graphic models to study problems related to the market
  • apply models where you show how market failure can be corrected understand the concepts of the national accounts and how they are linked
  • set up a simple macroeconomic model and use it to discuss effects of economic policies
  • discuss different types of unemployment and apply a simple model to explain trade between countries

General competence

You should be able to

  • follow economic reasoning related to the course in the public debate and professional reports

Learning methods and activities

4 hours of lectures every week, and 2 hours of practical assignments every other week. Specific requirements will be announced at the beginning of the term.

Compulsory assignments

  • Obligatory course work

Further on evaluation

Home examination 5 hours

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SVSØ100 15.0
SMØ2001 7.5 AUTUMN 2022
More on the course

No

Facts

Version: 1
Credits:  15.0 SP
Study level: Foundation courses, level I

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Economics
  • Social Sciences
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of Economics

Timetable

List view
Calendar view

Examination

Examination arrangement: Home examination

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD Home examination 100/100 A

Release
2023-11-30

Submission
2023-11-30


09:00


14:00

INSPERA
Room Building Number of candidates
Spring ORD Home examination 100/100 A

Release
2024-06-07

Submission
2024-06-07


09:00


14:00

INSPERA
Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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