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2013/2014  BA-HAS_MAE13  Managerial Economics II

English Title
Managerial Economics II

Course information

Language English
Exam ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Fourth Quarter, Second Quarter
The course in fall 2013 is offered for credit students only studying according to the 2012 study regulations
Time Table Please see course schedule at e-Campus
Study board
Study Board for BSc in Service Management
Course coordinator
  • Mikkel Godt Gregersen - Department of Operations Management (OM)
    Eric Bentzen - Department of Operations Management (OM)
Main academic disciplines
  • Economics, macro economics and managerial economics
Last updated on 10-09-2013
Learning objectives
To be awarded the highest mark (12), the student, with no or just a few insignificant shortcomings, must fulfill the following learning objectives:
  • The student should be able to account for selected theories.
  • The student should be able to apply the correct theory on a given issue.
  • The student should be able to apply technical solution methods when solving a given issue.
  • The student should be able to illustrate the solution to a given issue.
  • The student should be able to use the correct course vocabulary.
  • The student should be able to reach a decision based on economic rationing.
Course prerequisites
English language skills equal to B2 level (CEFR) is recommended
Managerial Economics II:
Examination form Written sit-in exam
Individual or group exam Individual
Exam guidelines:
• The written exam takes place on CBS computers
• Graphs can be written by hand
• Students have access to their personal files (S-drive on CBS network)
• Students do NOT have access to Internet, LEARN, and other services from CBS (except their personal S-drive on CBS network)
• Students are not allowed to bring personal electronic devices to the exam, except a non-programmable calculator.
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Summer Term and Winter Term
Aids allowed to bring to the exam Limited aids, see the list below and the exam plan/guidelines for further information:
  • Additional allowed aids
  • Allowed calculators
  • Allowed dictionaries
  • Books and compendia brought by the examinee
  • Notes brought by the examinee
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

The course is planned to present models for decisions making with a focus on the service industry. The focus is on market forms, game theory, risk management, pricing, price discrimination, auctioning, selected managerial decision taking, investment and finance theory and business cases related to the curriculum.

10 x Lecturing (L1-L10)
The course consists of 10 lectures (L1-L10) each of 3 x 45 minutes. The lectures will explore the core areas of the theory requiring a considerable amount of self-study. It is advisable with 4-6 hours of preparation for each lecture.

4x Active workshops (W1- W4)
Each workshop is 6 lectures of each 45 min. The workshops consist of cases in theoretical and empirical problems and are part of the curriculum. Naturally these active learning sessions will correspond to the content and headlines of the previous lectures. The workshops are very important for the learning process. All students have to answer and submit online 3 workshop-papers. The workshops can be solved individually or in groups but the online questions must be answered individually.

Teaching methods
Lectures & workshops
Student workload
Classes 30 hours
Workshop/ Exercises 24 hours
Preparation for class 133 hours
Home assignments 16 hours
Examination 4 hours
Expected literature

(ME): Dominick Salvatore: Managerial Economics in A Global Economy, 7. edition, Oxford University Press, 2012, chapters 1 – 5, 9 – 12, 14, 15.

Please note, minor changes may occur. The teacher will upload the final reading list to LEARN two weeks before the course starts.

Last updated on 10-09-2013