Principles of Economics (5 cr)

Evaluation scale

H-5

Content scheduling

Basic theories of economy

Objective

After completing this course the student is able
- to interpreteconomic information, news or media
- to explain the fundamental concepts in economics
- to usethe terminology correctly in speech and writing
- to negotiate for financing

Content

- basic concepts and explanatory models of economics
- market structures and the modes of competition
- income and output of nations; macroeconomic data, output determination, fiscal policy, foreign trade
- money and banking, interest rates, aggregate demand and output
- aggregate supply, inflation and unemployment

Materials

Theory book: https://www.core-econ.org/espp/

Teaching methods

Own paced learning with reading and writing

Exam schedules

-

Pedagogic approaches and sustainable development

-

Completion alternatives

-

Student workload

- Learning theory 85h
- Preparing for the exam 55h

Evaluation methods and criteria

Exam on the theory book:
There are two attempts allowed

Study group assignment done as defined by teacher (Reading Circle assingment)

Failed (0)

Exam points below 50% or
Study group assignment is not done

Assessment criteria, satisfactory (1-2)

Exam points between 50% - 69%
Study group assignment done

Assessment criteria, good (3-4)

Exam points between 70% - 89%
Study group assignment done

Assessment criteria, excellent (5)

Exam points between 90% - 100%
Study group assignment done

Further information

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