IDR305 Introduction to Economics for Sport Management (Autumn 2025)

ECTS Credits:
7.5
Responsible faculty:
Avdeling for økonomi og samfunnsvitenskap
Campus:
Molde
Course Leader:
Alex Krumer
Teaching language:
English
Study level:
{code=LN, name=Foundation courses, level I}
Duration:
½ year
Schedule (TP) Reading list (Leganto)

Table of contents

Contents

1. Production possibility frontier

2. Consumer behavior and a demand curve

3. Producer costs and a supply curve

4. Competitive market equilibrium

5. Deviation from competitive markets

6. Time value of the money (present and future values)

7. Different forms of interest rates

The course is connected to the following study programs

Recommended knowledge

Basic mathematical skills in algebra and geometry.

The student's learning outcomes after passing the exam

Knowledge :

Completing this course the student should be able to:

Understand and apply the most fundamental tools that economists use such as marginal costs and benefits, opportunity costs, supply and demand, game theory, present value of financial assets, etc.

Skills :

Completing this course the student should be able to:

Apply insights from economic theory to critically analyze the complexity of the economic environment.

General competencies :

Completing this course the student should be able to:

Evaluate and discuss how insights from economics can be used to develop modern sport institutions.

Forms of teaching and learning

During the lectures the students will be given formal tools that will help them to solve home exercises.

Exam

  • Form of assessment: School assessment
  • Proportion: 100%
  • Duration: 3 hours
  • Grouping: Individual
  • Grading scale: Letter (A - F)
  • Support material: Calculator with empty memory + general dictionary in mother tongue/Norwegian/English in paper version

Pensum

The current reading list for 2025 Autumn can be found in Leganto
Last updated from FS (Felles studentsystem) Oct. 14, 2026 7:20:12 PM