General objectives
•Introduction to the theory of the firm
•Introduction to micro and macro economics
•Globalization (of the society) and Internationalization (of the firm)
•Introduction to basic accounting.

Learning objectives
A student who has met the objectives of the semester will be able to:
•Corporate and organizational forms in connection with the establishment and operation of a business as well as strategies and business This includes vision, mission and values of the firm, organizational principles and theory.
Basic principles, theories, methods and tools related to managing business economics and personnel management. This includes basic microeconomics behavioral economics and rationality (the individual), and basic macroeconomics (the society).
The basic elements of building economy. This includes basic demand and supply, the business cycle, cost drivers and inflation, the market for capital and how you move from cost to client pricing.
•The social, cultural and ethical issues that have an impact on the establishment, operation and administration of a business, including the internationalization of the firm and the Globalization of the Economy.

At the end of this semester the student must have obtained skills in:
•Methods and tools for analyzing and running a business in the construction industry, including fact finding and assessment of threats and opportunities in the macroeconomic environment.
•Applying accounting principles for operating a business and use the industry's methods and tools for budgeting, bookkeeping and tendering. This includes double entry book keeping, budgeting and the annual report