This course covers the basic concepts of finance and investments. The core concept is the time value of money and its importance to finance. Furthermore, students study the role of indices and their uses. The roles of yield and capital cost are explained. The fundamentals of bonds are studied. In addition, the importance of economic investments is discussed, the main securities on the Icelandic market are explained, what stock valuation is, and the role of securities exchanges.
Student evaluation consists of assignments and tests.

This course covers the basics of entrepreneurship. Students learn how to start a company by starting their own business. This course is a collaboration between the Commercial College of Iceland and Junior Achievement ( JA ) in Iceland. Students learn the basic concepts of business and how education is relevant to the workplace. In partnership with business and educators, this course brings the real world to students, opening their minds to their potential. Students participate in a competition between secondary schools in Iceland where the company of the year is selected.

Student evaluation consists of work assignments and evaluation of the company.

The basic concepts and main subjects of economics are introduced, dealing with the primary components of the economy and their interplay in a market society. The economic cycle is explained, and the main dimensions of the national economy and their interrelationship are discussed. The leading factors in economic development are covered, while economic problems are analysed with examples from the Icelandic economy.

Numerous ways of presenting economic material are introduced. Students are trained at reading line graphs and gain insight into the use of proportional calculation, indexes, weighted averages and further common methods of processing economic data.

The topics for financial literacy include: Salaries, unemployment, inflation, savings, interests, time value of money, consumer debt, assets.

The aim of the course is for students to understand better the operation of the national economy and the dynamic forces of economic development. Internal relationships in the economic system are explained, e.g. by explaining the economic cycle and by studying simple models. Concepts and theories on international trade are recapitulated in this course, focusing on international cooperation and the „globalisation“ of economic affairs. Organisations that are active in the field of economics are introduced, e.g. the role of the Central Bank and other similar International institutions. Other topics that will be discussed include the cause and effect of inflation, growth of the money supply, the national product and economic growth in different countries.

What is money? How did it come about? How could it become invisible and only appear to us as numbers on a screen? Why do markets regularly crash? Can knowledge of financial history help us anticipate possible shocks on markets? The course The Ascent of Money tries to answer these questions and many more. It tells the history of how the world‘s financial systems play a key role in the development of human society.

The course covers the basic concepts of marketing and the ways in which marketing theory is applied to the selling of goods and services. Particular attention is paid to the importance of marketing activities in an ever-changing business environment. The course analyses company market orientation, company operation and competitive market environment as well as market segmentation. Further topics include; target marketing, positioning, product development, product life cycle, promotion, digital marketing and corporate image.

Student evaluation consists of assignments and tests.

This course introduces the topics of economics, scarcity and choices, supply and demand. Students study a different kind of elasticity and its applications. Other topics include consumer choices, budget constraint, indifference curves, income and substitution effects as well as consumer surplus, producer surplus and total surplus, as well as market efficiency. Moreover, students are introduced to government policies, control on prices, taxes and subsidies.
Student evaluation consists mostly of tests but also on assignments.

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.

This course introduces the topics of different types of costs and the relationship between production and cost. The course analyses both costs in the short run and the long run. Students study different market structures and their feature. The role of firms in competitive markets are explained. The concepts of Monopoly, imperfect competition and price discrimination are studied. In addition, the course analyses monopolistic competition, Oligopoly, basic concepts in game theory and the economics of cooperation. 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.

This course discusses the basic concepts and theories of management. The social changes that have caused the increased importance of business management are explained. Students are given an insight into the role of managers and the various managerial functions. Students study the management process, the different types of managerial structure, setting targets, using strategy and the role of human resource management. The course focuses on the management´s changing environment, globalization and technology. Students are introduced to the social and ethical responsibilities in management.

The aim of the course is for students to understand better the operation of the national economy and the dynamic forces of economic development. Internal relationships in the economic system are explained, e.g. by explaining the economic cycle and by studying simple models. Many of the basic concepts of economics are analysed, including the national product and economic growth; savings, investment and the financial system; unemployment, which includes natural unemployment. The definition and role of money in the economy is discussed, as well as what the role of the Central Bank is. The importance of money supply is explained, and what are possible causes and effects of inflation. Other topics that are studied include; the growth of the money supply; the economics of open economies; short-run economic fluctuations; fiscal and monetary policies used to stimulate economic growth and stability. In addition to discussing the market system and some of its basic characteristics, externality theory and market failure are touched upon, with a focus on the environmental problems created by manufacture and consumption in industrialized societies.

The course looks at the principles of the economy, trade between nations and their feasibility. It also looks at the impact on goods and services when customs duties are imposed. The total demand and total supply in the economy will be examined. What are the impact factors and the signs that explain why the overall demand curve falls downwards. It will also be examined what the impact will be in the economy when the government applies different financial policies. In connection with these issues, theories and models will be examined. The course also covers international organizations and their role. Special attention will be paid to institutions related to the Icelandic economy in one way or another.