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2010/2011  KAN-CMJ_OE21  Applied Economics (Autumn 2011)

English Title
Applied Economics (Autumn 2011)

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Mandatory
Level Full Degree Master
Duration One Semester
Course Period Autumn
Autumn 2011
Time Table Please see course schedule at e-Campus
Study Board
Study Board for BSc/MSc in Business Administration and Commercial Law
Course Coordinator
To be announced
Main Category of the Course
  • Economics, macro economics and managerial economics

Taught under Open University-Taught under open university.
Last updated on 29 maj 2012
Learning Objectives
After following the course the students should
  • understand and explain issues in relation to international economics
  • understand and explain considerations behind the design of international business in a global context and issues involved in asymmetric information in transactions and relationship between companies
  • understand problems of asymmetric information in financial, insurance and labor markets, and in public procurement of goods and services and explain how natural monopolies can be regulated
  • understand and explain considerations behind financial contracting
  • understand and explain the concept corporate governance and the tensions between companies’ stakeholder groups in a global business perspective
  • Interpret financial and business current events in terms of financial economics
Applied Economics
Assessment Written Exam
Marking Scale 7-step scale
Censorship No censorship
Exam Period Autumn Term
Aids Closed Book
Duration 4 Hours
Prerequisites for Attending the Exam
Course Content

The purpose of this course is to introduce the students to financial economics and its applications for business in a global market. The theory aids in understanding the functioning of investment, insurance and labor markets, and provides advice as to how to arrange public procurement and regulation of natural monopolies.

This course provides a rigorous introduction to the fundamentals of modern financial economics and their applications to business challenges in capital budgeting, project evaluation, corporate investment and financing decisions, and investment management.

Both modules build on microeconomics, industrial organization and finance in HA(jur.), and they support courses in company, competition, procurement and tax law.

Student Workload
Lectures 28 hours
Preperations 155 hours
Exam preparation 42 hours
Further Information

The course replaces the previous mandatory course given in Danish: Anvendt Økonomi


Brian Hillier: “The Economics of Asymmetric Information”, 1997

Mark Armstrong et al.: “Regulatory Reform”, 1994 (ch. 2)

David Luenberger, 1997 ”Investment Science”

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