autumn 2016
AAT-1004 Business Economics - 10 ECTS

Last changed 08.04.2017

Application deadline

Applicants from Nordic countries: 1 June for the autumn semester

Exchange students and Fulbright students: 15 April for the autumn semester. 

Type of course

Subject can be taken as single course

Admission requirements

Admission requirements: Nordic applicants: Generell studiekompetanse International applicants: Higher Education Entrance Qualification and certified language requirements in English.

A list of the requirements for the Higher Education Entrance Qualification in Norway can be found on the web site from the Norwegian Agency for Quality Assurance in Education (NOKUT). For language requirements we refer to NOKUT's GSU-list.

Admission code: 9199 (Nordic applicants).

Course content

Business economy discusses different concepts dealing with the business in an economical context. Gives introduction to basic cost-benefit analysis, accounting choice of product, investment theory, budgeting and target pricing.

Objectives of the course

Knowledge : - Be able to explain central concepts and important tools used in analysis of business economic problems.

- Examples of concepts:

  • Regular cost,
  • variable costs,
  • alternative costs,
  • contribution margin,
  • present value,
  • end-value,
  • cost of capital,  
  • target pricing and budgeting

- Examples of tools:

  • Contribution margin,
  • absorption costing,
  • product analyses,
  • cost account,
  • calculation of products


- Be able to use concepts and tools in analysis and discussion around business economic issues.

- Sort relevant form irrelevant information


Give written answers on questions that give the reader understanding of used method and the process to an answer.

- When a tool is given, be able to use it correct.

- From a described situation, choose correct tool and apply it correct.

Language of instruction


Teaching methods

Lectures and seminars


Two individual written assigments must be passed during the semester to be able to attend the final exam. 

Exam: 4 hours school exam.

A re-sit exam will be arranged for this course.


  • About the course
  • Campus: Alta |
  • ECTS: 10
  • Course code: AAT-1004