APPLIES TO ACADEMIC YEAR 2013/2014

SFU 1487 Economics and Management

Responsible for the course
Emanuel Blattner, Anders Tveit, Stig Ytterstad

Department
Department of Economics

Term
According to study plan

ECTS Credits
7.5

Language of instruction
Norwegian

Introduction
This module is a part of the Bachelor programme Credit Management (30 credits). Completed and passed the Credit Management (30 credits) may be used as a Bachelor programme in Bachelor of Management degree.

Learning outcome
Acquired knowledge
After completing the course you should be able to explain economic concepts, indicators and main economic objectives and instruments at hand in the Norwegian economy. You should also be able to explain the fundamental division between real economy and money and financial conditions. As far as leadership is concerned students should acquire understanding of the central elements in inleadership and the leadership process.

Acquired skills

• You must be able to find relevant key economic indicators and for instance use them to consider if a country are in a boom or in a recession (low level).
• You must be able to decide which macroeconomic theory who is most relevant to discuss a particular approach to a problem in a specific situation (mean level), and complete an argumentation by help of principles derived from economic models (high level).
• In leadership the students should be able to apply different leadership theories in practial situations.

• You need to be ethical conscious of basic conflicts of interest and goal conflicts in conjunction with economic policy (low level) and deadership. You need to be able to consider macroeconomic and leadership problems from different points of view when it comes to different economic interests (mean level).
• You need to develop a critical sense when it comes to variance between stated political goals and ambitions and probable, actual effects of economic policy (high level).

• National accounts and economic growth
• Macroeconomic policy i an open economy
• Market theory and market imperfections
• The behavior of interest rates
• The theory of demand

• Idealised influence
• Inspiring motivation
• Intelectual stimulation; How to intiate creative processes
• Individual intencives; How to diffrentiate between different immaterial incentives.