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ME1310 Economics for I 6.0 credits

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Application

For course offering

Autumn 2024 Start 28 Oct 2024 programme students

Application code

51370

Headings with content from the Course syllabus ME1310 (Autumn 2019–) are denoted with an asterisk ( )

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.

Literature and preparations

Specific prerequisites

ME1314 Introduction to industrial management completed

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

No information inserted

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

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

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Profile picture Hans Lööf

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

Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.

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

Supplementary information

Open only for CINEK.

Not for exchange students.