SMF1042
Basic Economics
Last taught 2020
Autumn
Gjøvik
Norwegian
About this course
Content
- 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.
Learning outcomes
- 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.
Teaching methods
Lectures, Group Work
Compulsory assingments:
Exercises (3 from 4 must be approved). Delivery in groups of 3, possibly 4 students. Other then 3 demand approval from teacher.
Details concerning course requirements will be presented at the beginning of the semester.