AI2131 Economics and Quantitative Methods 5.0 credits
Content and learning outcomes
Course contents
A. Financial mathematics
B. Introduction to Excel
C. Statistics
• Descriptive statistics – frequency distribution, measures of central tendency and dispersion
• Probability concepts
• Regression analysis
D. Economics
• Demand, supply, equilibrium prices and elasticity
• Short-run and long run production theory
• Short and long-run costs
• Perfect competition & monopoly
• National income accounting, national income determination, fiscal and monetary policy
Intended learning outcomes
After this course students will be able to:
Perform calculations in basic financial mathematics and model these in Excel
Perform computations involving statistical inference and regression analysis
Perform regressions in Excel
Explain and analyze basic microeconomic issues involving
- Demand and supply
- Production and costs
- Market structure
Explain the basic goals of macroeconomic policy and how to measure national income
Explain fiscal and monetary policy and identify the relevant policy instruments
Literature and preparations
Specific prerequisites
Recommended prerequisites
Equipment
Literature
Stiglitz J.E & Driffill, Economics. W.W. Norton & Co, 2000
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
Grading scale
Examination
- TEN1 - Examination, 3.0 credits, grading scale: A, B, C, D, E, FX, F
- ÖVN1 - Exercises, 2.0 credits, grading scale: P, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
Other requirements for final grade
Examination, TEN1, 3.0 credits, A-F
Exercises, ÖVN1, 2.0 credits, P/F
Opportunity to complete the requirements via supplementary examination
Opportunity to raise an approved grade via renewed examination
Examiner
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
Further information
Course room in Canvas
Offered by
Main field of study
Education cycle
Add-on studies
Supplementary information
The course is part of and mandatory for Master’s Programme in Land Management.