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2013/2014  BA-1ME  Managerial Economics I

English Title
Managerial Economics I

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period First Quarter
Time Table Please see course schedule at e-Campus
Study board
Study Board for BSc in Business Administration and Sociology
Course coordinator
  • Kjeld Tyllesen - Department of Operations Management (OM)
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 14-08-2013
Learning objectives
On successful completion of this course, the student will have acquired a basic understanding of economic theories seen from a Managerial economics’ perspective, focusing on the individual organization. The student should be able to:
  • account for basic microeconomic processes and assumptions within Managerials economics,
  • account for rationality assumptions and optimising strategies at the level of the individual and the firm,
  • discuss strengths and weaknesses of the microeconomic theories and methods,
  • apply such theories, methods and models in a number of various settings and decision problems
Course prerequisites
The courses 1FST, 1IES, 1ME, and 1BA have one intergrated exam. The exam is 30 ECTS. You can only participate in 1ME if you also register for the other courses: 1FST, 1IES, and 1BA .
Integrated examination in social theory, economic sociology, managerial economics and accounting:
Examination form Oral exam based on written product

In order to participate in the oral exam, the written product must be handed in before the oral exam; by the set deadline. The grade is based on an overall assessment of the written product and the individual oral performance.
Individual or group exam Individual
Size of written product Max. 5 pages
Assignment type Report
Written product to be submitted on specified date and time.
30 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Preparation time No preparation
Grading scale 7-step scale
Examiner(s) Internal examiner and second internal examiner
Exam period December/January
Make-up exam/re-exam
Same examination form as the ordinary exam
Both make-up examination and re-examination takes places according to the same regulations as the regular examination. However, the following supplementary rules apply: 1) The make-up examination for a student who has submitted a complete exam portfolio but not participated in the oral examination – due to illness – will be based on the exam portfolio already submitted. 2) A student who fails the regular examination due to the quality of the exam portfolio should submit a revised exam portfolio.
Description of the exam procedure

The primary purpose of the 1st semester exam, which is an oral exam based on a portfolio, is to make the student adopt an interdisciplinary approach to the four 1st semester courses, instead of only perceiving the individual courses from their own point of view. Consequently, the main focus at the oral exam is the integration of several academic disciplines and sets of learning objectives.

The secondary purpose of the exam is to make the student reflect about his/her own learning process, the result of the knowledge and skills acquired from participating in class and working on assignments throughout the 1st semester.

Prior to the oral exam the student must submit an exam portfolio, which consists of an individual 5-page interdisciplinary exam assignment together with three of the approved semester assignments. The examiner decides which three semester assignments to resubmit and informs the student in advance.

  1. The oral examination is based on the four papers of the exam portfolio.
  2. The oral examination is an individual examination of 30 minutes, including the examiners’ discussion and awarding of the grade. The grade awarded must reflect an overall assessment of the papers in the exam portfolio and the performance at the oral examination.
  3. The examination is internal, and assessment is carried out by two internal examiners: teachers from two of the four first semester courses.

Learning objectives for the exam
At the oral examination, the student should, on the basis of the papers in the 1st semester exam portfolio, demonstrate ability to relate to each other the four courses in the first semester and their learning objectives. Specifically, the student should demonstrate that (s)he:

  • has achieved the learning objectives for the four first semester courses (see below)
  • is able to think across the four subjects and reflect about similarities and differences between the academic disciplines that the courses build upon, and
  • is reflective about his/her learning process in the four 1st semester courses, as reflected in the exam portfolio.
Course content and structure

Aim of the course
“Managerial economics” refers to the application of economic theory and the tools of analysis of decision science to examine how an organization can achieve its aims or objectives most efficiently.
So the focus is on the individual organization and the aim of the course is to provide the student with ways of reasoning, thinking and approaching problems, and with a number of models and tools that will enable the student to “attack” and solve complex decision problems on an organizational level.

Teaching methods
Lectures, exercise classes, case-based teaching. The first semester is focused around the students' creation of their work portfolios. There will be two assignments during the semester: one individual max 3 pages, and one in groups max. 10 pages.
Last updated on 14-08-2013