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Course Module Description General module information Title: Introduction to economics Type: course module Language of instruction: English ECTS points: 5 ECTS Period: 1 February 2017 — 30 June 2017 Placement 4th semester, ITCOM 4, Communication and media technologies Module coordinator Copenhagen: Iwona Windekilde (coordinator), Maiken Keller (secretary) Academic content and relationships to other modules/semesters The formal study plan description of the module can be found here: http://www.sict.aau.dk/digitalAssets/112/112034_itcom-study-plan-sept-2015.pdf (page 32) The overall objective is to provide a basic understanding of key concepts in economic theory with emphasis on microeconomics. Topics include: supply and demand; the theory of consumer choice; price elasticity of demand and supply; cost structure; market structure; production function, production possibility frontier, economic analysis of unemployment, inflation, and economic growth. Upon completion of the course, you will be able to analyze microeconomic problems using economic models and apply national account figures for a description of economic development. Objectives and learning goals At the end of the course, students will be able to: • apply economic theories and methodologies for analysing the markets for ICT services • apply a variety of economics concepts to both the business and individual decision making process • apply national account figures for a description of economic development • explain wage and price determination in an open economy • apply economics models to real world scenarios Extent and expected work load Since it is a 5 ECTS course, the workload is expected to be 150 hours for the student. There will be a number of lectures (about 10) for the different subjects, and there will be group work and exercises for the individual lectures. In Moodle, information about primary and supplementary literature is provided, and it is expected that you have read the literature belonging to each lecture before the actual lecture is given. This means that with 10 lectures/exercises of 4 hours you have used 40 hours, leaving about 5 hours per lecture to read the literature and review the slides and other material before and after the lecture; 25 hours to complete exercises and assignments; and finally 35 hours for preparation for the exam and synopsis. It is strongly recommended that you use this amount of hours for the course to be able to pass the examination. Pre-requisites for participation The prerequisites for participation are listed in the study plan: http://www.sict.aau.dk/digitalAssets/101/101072_95364_bsc-itcom-150129.pdf Examination Internal individual oral examination supported by the synopsis - requirement that synopsis is written by the student before the oral exam and the grade will depend only on student’s verbal performance and not on the synopsis.
