SMF1042

Basic Economics

Last taught 2020

Autumn

Gjøvik

Norwegian

Overview

4 candidates

Pass rate

100%

53 points

Grade distribution
Average over time
Pass rate over time

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.