Course syllabus

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TEK255 TEK255 Managerial economics lp3 VT21 (7.5 hp)

Course is offered by the department of Technology Management and Economics

Contact details

Teachers on this class are

Gunnar Wramsby gunnar.wramsby@chalmers.se (PhD,MSc,BBA)

Urban Österlund urban.osterlund@hb.se (PhD,MSc,BBA)

Examiner is 

Gunnar Wramsby gunnar.wramsby@chalmers.se (PhD,MSc,BBA)

Course administrator is

Birgitta Engrell birgitta.engrell@chalmers.se

 

Course purpose

In today's dynamic economic environment, effective managerial decision making requires timely and efficient use of information. The aim of this course is to provide students with a basic understanding of the economic decisions and analytical tools that can be used in decision making problems. A subsidiary aim of the course is to sharpen analytical skills so that students will be better able to recognize and solve decision problems in different contexts and for forthcoming Master courses.

Schedule

TimeEdit

Course literature

- Textbook: Adams, J. and Juleff, L., 2003. Managerial Economics for Decision Making. Palgrave Macmillan, ISBN 978-0-333-96111-7.

Course design

The course comprises a series of lectures on costing methods, investment methods etc, as well as a case presentation. As a major part, the course comprises a project work in which students work in groups of 4-6 persons. 

Excel is used as a generic tool

 

Changes made since the last occasion

This year everything is via internet

Learning objectives and syllabus

Learning objectives:

  • Understand the basic concepts in managerial economics
  • Understand and also analyze managerial economics at different firm levels   
  • Be able to apply different economic decision models
  • Understand how to use different economic decision models in different contexts

 

Study plan

 

Examination form

Examination

Written examination in two parts: (1) an exam (4,5 credits) and (2) group case work (3,0 credits)

Written exam: Max 70 points, pass 28 points.

Groupcase work 30 points, pass 12 points. Totally 100 points.

 

Course summary:

Date Details Due