norsk norsk&engelsk / norwegian&english

Course Description SMF1042 - Basic Economics (2005/2006)

ECTS Credits10

The student should after completion of the course:
- 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.


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.

Study MethodsLectures, Mandatory Assignments, Exercises, Tutoring
Assignments and group works.
AssessmentWritten Exam, 4 hours
Grading SystemAlphabetical Scale, A (best) - F (fail)
Course RequirementsExercises