AE201503 Microeconomics and industrial analysis

AR100102 Basic methods
AS101202 Macroeconomic theory and policy

The students should gain insight into elementary microeconomic theory and practice in applying the theory on industrial development in general, and development of the marine and maritime industries in particular. After having completed the course, the candidate should be able to describe and analyse the behaviour of economic agents and their interactions within different market structures, both analytically and graphically. The students should, moreover, get an understanding of how economic policy may influence economic agent behaviour and market prices. Within the applied part of the course, the students should also gain insight into the industrial structure and the importance of e.g. the marine and maritime industries on a regional, national, and international basis.

* Production theory
* Consumption theory
* Market theory
* Effective resource allocation
* Implications of economic policy
* Industrial cluster theory
* Industrial structure
* Models of resource allocation and management
within the fishery industry
* Industrial policy measures(tariffs and
subsidies in general, the Raw Fish Act, Minimum
prices and Law of Export Sales)
* Important international topics relevant to the
industries.

Lectures. Compulsory group paper. The group paper shall be presented in plenum. During the presentation individual control questions will be asked. The learning management system Classfronter will be used to some extent in the exchange of information.

One compulsory group paper and presentation.

A three-hours written final exam, which counts 80%. A shared common grade on the compulsory group paper and presentation, which counts 20%.