APPLIES TO ACADEMIC YEAR 2014/2015
FORK 1003 Preparatory course for MSc in Business
Responsible for the course
Jon H Fiva, Erling Røed Larsen
Department of Economics
According to study plan
Language of instruction
The students are given a brief overview over key topics in micro, macro, and econometrics. This overview is meant to assist the students in the transfer from Bachelor-level to Master-level.
BI Norwegian Business School wants to ensure that all students who want to take the Master’s part of the Programme in Business and Economics have previous knowledge at the same level in mathematics, economics and method.
Consequently, this intensive preparatory course that covers topics in the set of courses including mathematics, economics and econometrics is recommended for students who have not documented this knowledge in their bachelor’s degree.
Bachelor degree in business, economics or eq. qualifying for admission to the MSc in Business and Economics
Gärtner, Manfred. 2013. Macroeconomics. 4th ed. Pearson. Chapter 9 and 14
Pindyck, Robert S., Daniel L. Rubinfeld. 2012. Microeconomics. 8th ed. Pearson Prentice Hall
Simon, Carl P. and Lawrence Blume. 1994. Mathematics for economists. International student ed.. W. W. Norton
Stock, James H., Mark W. Watson. 2012. Introduction to econometrics. 3rd ed. Pearson. Kapittel 1, 6, 7, 12.
The main four topics are:
- linear algebra
- econometrics (selection problem, regression analysis, instrumental variable methods),
- issues in microeconomics (examples of possible topics are: consumer theory including preferences and demand functions, theory of the firm including cost concepts and supply, market theory and market forms including duopoly, market failure, welfare theorems, externalities, natural monopolies, dead weight, main concepts of game theory)
- issues in macroeconomics (basic business cycle models, Solow growth model and macroeconomic methodology).
During the course students will be presented with assignments and exercises.
Learning process and workload
Linear algebra (9 hours)
Econometrics (12 hours)
Issues in microeconomics (12 hours)
Issues in macroeconomics (12 hours)
There is no exam in this preparatory course
Examination support materials
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Any violation of the honor code will be dealt with in accordance with BI’s procedures for cheating. These issues are a serious matter to everyone associated with the programs at BI and are at the heart of the honor code and academy integrity. If you have any questions about your responsibilities under the honor code, please ask.