Course code BUS101

BUS101 The Firm - Elements of Business

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Showing course contents for the educational year 2022 - 2023 .

Course responsible: Stig Aleksander Aune
ECTS credits: 5
Faculty: School of Economics and Business
Teaching language: NO
(NO=norsk, EN=Engelsk)
Teaching exam periods:
This course starts in the autumn parallel. The course has teaching/evaluation in the autumn parallel, .
Course frequency: Annually
First time: Study year 2019-2020
Course contents:

Key objectives include:

  • An overview of contents and structure of the Bachelor programme and how different topics and courses are linked. Focus will be on inter-disciplinary understanding. 
  • A broad introduction to a firm's wider role in society and an overview of selected methods, techniques and models relevant to business decisions.
Learning outcome:


After completed course, the student has

  • a useful overview of the bachelor programme as a whole and therefore a valuable starting point for the majority of courses taught later in the programme
  • interdisciplinary understanding of how firms operate and work, how the business community and stock exchange work, and how they impact society as a whole
  • knowledge of key terminology and important tools applied in financial analyses. Tools are comprised of methods, techniques, models, theories, etc.
  • knowledge of basic elements of marketing, business strategy and organizational theory
  • understanding of the meaning of corporate social responsibility
  • understanding of how economics and business courses relate


After completed course, the student is able to:

  • Understand and use central business terminology
  • Apply critical thinking and reflect on the firms’ role in society
  • Read and comprehend the contents of an annual report from a publicly listed company
Learning activities:
Lectures (campus-based), exercises and miscellaneous articles. The purpose of the exercises is to concretize the lectures and stimulate to student participation. Tre of five assignments must be approved to sit the exam.
Teaching support:
Lectures with teaching assistants, relevant exercises and web-sites.
The Firm. Elements of Business, Aune, Stig Aleksander (Cappelen Damm, 2022)
Recommended prerequisites:
Mandatory activity:
5 mandatory assignments, whereof at least 3 must by approved to sit the exam.
Written digital exam 3 hours (100%).
Nominal workload:
125 hours
Entrance requirements:
The course is open for bachelor business and IndØk students.
Reduction of credits:
2.5 ECTS-credits with INN200/INN200F, INN201-B and BUS100/BUS100F,
Type of course:
Two hours, one lecture per week.
External examiner will control the quality of syllabus, questions for the final examination, and principles for the assessment of the examination answers.
Allowed examination aids: B1 Calculator handed out, no other aids
Examination details: Written exam: Letter grades