ME1310 Economics for I 6.0 credits

Nationalekonomi för I

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Offering and execution

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Course information

Content and learning outcomes

Course contents *

  • Assumptions and models within economics.

  • What determines prices? The interplay between supply and demand.

  • Elasticity: price sensitivity of supply and demand.

  • Government, taxes and efficiency.

  • Externalities and environmental policy.

  • Production, technology and costs.

  • Perfect competition and monopoly.

  • GDP and national accounts.

  • Unemployment and inflation.

  • Economic growth and business cycles.

  • Aggregated supply and demand.

  • IS/LM-model.

  • Fiscal and monetary policy.

Intended learning outcomes *

This introductory course teaches the fundamentals of microeconomics and macroeconomics for students with a technical background. After completing the course you will be able to:
1. Account for and use concepts, models and theories within the microeconomic field.
2. Account for and use concepts, models and theories within the macroeconomic field.
3. Analyze real microeconomic problems, compile and report the results in writing/orally.
4. Analyze real macroeconomic problems, compile and report the results in writing/orally.

Course Disposition

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Literature and preparations

Specific prerequisites *

ME1314/ME1305 Introduction to industrial management completed

Recommended prerequisites

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Equipment

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Literature

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Examination and completion

Grading scale *

A, B, C, D, E, FX, F

Examination *

  • SEM2 - Seminar, 1.0 credits, Grading scale: P, F
  • SEM3 - Seminar, 1.0 credits, Grading scale: P, F
  • TEN3 - Exam, 2.0 credits, Grading scale: A, B, C, D, E, FX, F
  • TEN4 - Exam, 2.0 credits, Grading scale: A, B, C, D, E, FX, 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.

Opportunity to complete the requirements via supplementary examination

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Opportunity to raise an approved grade via renewed examination

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Examiner

Hans Lööf

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web ME1310

Offered by

ITM/Industrial Economics and Management

Main field of study *

Technology

Education cycle *

First cycle

Add-on studies

No information inserted

Contact

Per Thulin per.thulin@indek.kth.se

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.

Supplementary information

Open only for CINEK.

Not for exchange students.