2013/2014
BA-HAS_MAEC Managerial Economics I
| English Title |
| Managerial Economics
I |
|
|
| Language |
English |
| Exam ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Bachelor |
| Duration |
One Quarter |
| Course period |
Third Quarter |
| 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
08-08-2013
|
| 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 |
| Students not enrolled in BSc in
Business Administration & Service Management must document a
level in English equal to TOEFL 575, and A level in mathematics
equal to Danish level B |
| Examination |
|
Managerial
Economics I:
|
| 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 |
Spring 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 objective of this course is to provide the student with a
thorough understanding of microeconomics applied to the problem of
managerial decision-making. The first step in achieving this
objective is to understand how to model economic behaviour. The
student will learn how a manager chooses production inputs based on
marginal productivity, prices, and various other economic
variables. The student will learn to develop an economic model
through the use of algebra and basic calculus. The student will
gain a feel for the art of choosing assumptions to set up and solve
a meaningful problem. The second step in achieving the objective is
to build an understanding of the many economic problems. The
student will examine economic problems in consumer theory,
production, technology, cost analysis, profit analysis, and market
interactions.
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) + 2x Economic Math workshops + 1x
Economic Excel workshop
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 and
exercises |
| Student workload |
| Classes |
30 hours |
| Workshop/ Exercises |
42 hours |
| Preparation for class |
115 hours |
| Home assignments |
16 hours |
| Examination |
4 hours |
|
| Expected literature |
- ME: Dominick Salvatore: Managerial Economics in A Global
Economy, 7th edition, Oxford University Press, 2011: Ch.
1-5,
7-9
- Micro: Pindyck/Rubinfeld: Microeconomics, 6th
edition, Pearson Education, 2003: pp: 32-185 (Ch. 2.4-5),
(Available on LEARN in pdf format)
- Math: Ian Jacques, Mathematics for Economics and Business,
7th edition, Pearson Education, 2012: Ch. 1-4.
(Exercises in “MyMathLab Global”)
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
08-08-2013
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