Economics

Introduction

Economics concerns how limited resources will be used to meet our material needs. Roughly, the socioeconomic subject separates into two main blocks; microeconomics and macroeconomics. Microeconomics focuses on the behavior of individual individuals and companies, price formation in different types of markets, what is efficient use of resources and more. Macroeconomics, on the other hand, focuses on aggregated sizes in the economic life and relationships between these sizes. The subject is about collective value creation in a nation, cyclical movements, unemployment, general price increases and deficits or surpluses in the foreign economy, and not least how economic policy can affect macroeconomic development.

Course content

• Markets and price formation in the short and long term
• Efficiency
• Market power
• National accounts and economic indicators
• Labor market and structural unemployment
• Money, credit and currency
• Business cycles
• Fiscal policy
• Monetary policy