Content, progress and pedagogy of the module

The overall objective is to provide a basic understanding of key concepts in economic theory with emphasis on microeconomics.

Learning objectives

Knowledge

• Must have knowledge about the type of problems addressed by economic theory
• Must have knowledge about the market forces of supply and demand
• Must have knowledge about the different types of market structures
• Must have knowledge about the main cost concepts including short and long term aspects
• Must have knowledge about consumer and producer behaviour

Skills

• Must be able to apply economic theories and methodologies for analysing the markets for ICT services
• Must be able to apply a variety of economics concepts to both the business and individual decision making process
• Must be able to apply national account figures for a description of economic development
• Must be able to explain wage and price determination in an open economy
• Must be able to apply economics models to real world scenarios

Competences

• Must have the competencies to discuss the changes in the ICT market
• Must have the competencies to discuss how differences in market structure affect price and output
• Must have the competencies to discuss the role of the competitive process
• Must be able to discuss the role of technical development in economic theory

Type of instruction

Refer to the overview of instruction types listed in the start of chapter 3. The types of instruction for this course are decided according to the current Joint Programme Regulations and directions are decided and given by The Study Board of Electronics and IT.

Exam

Exams