Course description

Economics for Finance

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.

Course content

Microeconomics

  1. Consumer theory
  2. Choice under uncertainty
  3. Theories of the firm
  4. Market structure – competitive markets
  5. Oligopolistic markets and game theory
  6. Welfare theory
  7. Asymmetric information

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 outcome 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

Exam organisation

  • Written assignment: 20%
  • Written exam: 80%