Starfsfólk VÍ
Fréttir frá alþjóðasamstarfinu
Komdu í heimsókn á bókasafnið
Fjarnám
This course introduces the basic topics of economics, scarcity and choices, supply and demand. Students study different kinds of elasticity and its applications. This course introduces the topics of different types of costs and the relationship between production and cost. Students study different market structures such as: monopoly, oligopoly, monopolistic competition and perfect competition. Furthermore, students study profit maximization in different market structures and the effect of entry of barriers to a market. There is emphasis on the calculation through the use of examples.
Student evaluation consists mostly of tests but also assignments.