GRA 6516 Economics for Finance
GRA 6516 Economics for Finance
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.
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
- 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.
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.
Microeconomics
- Consumer theory
- Theories of the firm
- Market structure – competitive and oligopolistic markets
- Welfare theory
- Asymmetric information and market frictions
Macroeconomics
- Measuring National Income and Growth
- Business Cycles and Inflation
- The Monetary System
- Monetary and Fiscal Policy
- Economic Growth and Development
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.
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 |
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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:
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 |
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.