GRA 6516 Economics for Finance

GRA 6516 Economics for Finance

Course code: 
GRA 6516
Department: 
Economics
Credits: 
6
Course coordinator: 
Christian Riis
Course name in Norwegian: 
Economics for Finance
Product category: 
Master
Portfolio: 
MSc in Finance
Semester: 
2018 Autumn
Active status: 
Active
Level of study: 
Master
Teaching language: 
English
Course type: 
One semester
Introduction

The course, which is an introductory economics course on master level, provides the students with the main concepts and models used in modern micro- and macroeconomic analysis.

Learning outcomes - Knowledge

Provide students with an understanding of the key areas of economic theory such as:

  • The nature of economic decisions of individual units and the role of economic institutions and market structures in shaping the allocation of resources in the economy
  • The impact on long run growth and development
  • Understand business cycles and causes of unemployment
  • Evaluate monetary and fiscal policy
Learning outcomes - Skills
  • Students should be able to analyze market structures, and thereby develop skills to predict market outcomes such as prices, competition intensity and ultimately firm profitability.
  • Students should possess skills to describe and analyze the underlying forces behind economic growth and development.
  • Students should possess skills to evaluate macro economic policy design.
Learning Outcome - Reflection

Through this course, students should develop basic understanding of how market outcomes are shaped by individual decisions, institutions and economic policy. The course provides the students with a thorough understanding of the micro economic structure of the economy as well as macro economic policy challenges.

Course content

Microeconomics

  1. Consumer theory
  2. Theories of the firm
  3. Market structure – competitive and oligopolistic markets
  4. Welfare theory
  5. Asymmetric information and market frictions

Macroeconomics

  1. Measuring National Income and Growth
  2. Business Cycles and Inflation
  3. The Monetary System
  4. Monetary and Fiscal Policy
  5. Economic Growth and Development
Learning process and requirements to students

Please note that while attendance is not compulsory in all courses, it is the student’s own responsibility to obtain any information provided in class that is not included on It's learning or in the text book.

This is a course with continuous assessment (several exam components) and one final exam code. Each exam component is graded by using points on a scale from 0-100. The components will be weighted together according to the information in the course description in order to calculate the final letter grade for the examination code (course). Students who fail to participate in one/some/all exam elements will get a lower grade or may fail the course. You will find detailed information about the point system and the cut off points with reference to the letter grades when the course start.

At resit, all exam components must, as a main rule, be retaken during next scheduled course.

Software tools
No specified computer-based tools are required.
Qualifications

All courses in the Masters programme will assume that students have fulfilled the admission requirements for the programme. In addition, courses in second, third and/or fourth semester can have specific prerequisites and will assume that students have followed normal study progression. For double degree and exchange students, please note that equivalent courses are accepted.

Assessments
Assessments
Exam category: 
Submission
Form of assessment: 
Written submission
Weight: 
20
Grouping: 
Individual
Duration: 
1 Week(s)
Comment: 
Assignment
Exam code: 
GRA65161
Grading scale: 
Point scale leading to ECTS letter grade
Resit: 
All components must, as a main rule, be retaken during next scheduled course
Exam category: 
Submission
Form of assessment: 
Written submission
Invigilation
Weight: 
80
Grouping: 
Individual
Support materials: 
  • BI-approved exam calculator
  • Simple calculator
  • Bilingual dictionary
Duration: 
3 Hour(s)
Comment: 
Final written examination under supervision.
Exam code: 
GRA65161
Grading scale: 
Point scale leading to ECTS letter grade
Resit: 
All components must, as a main rule, be retaken during next scheduled course
Exam organisation: 
Continuous assessment
Grading scale: 
ECTS
Total weight: 
100
Sum workload: 
0

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 6 ECTS credits corresponds to a workload of at least 160 hours.