2012/2013  BA-PME2  Managerial Economics II

English Title

Managerial Economics II

Course information
Language	English
Exam ECTS	7.5 ECTS
Type	Mandatory
Level	Bachelor
Duration	One Semester
Course period	Spring
Time Table	Please see course schedule at e-Campus
Study board	Study Board for BSc/MSc i International Business and Politics, BSc
Course coordinator
Michael Hedegaard - Department of Operations Management
Main Category of the Course
Economics, macro economics and managerial economics
Last updated on 21-03-2013

Learning objectives

Describe and rationalize the different models and theories in the entire syllabus, including the basic assumptions behind these models and theories. Describe and discuss knowledge regarding the situations where these models and theories can be used. Analyze, foresee, and discuss the relevant and non-relevant facts in relation to the definite business economic as well as practical problem formulation. Generally and specifically identify, analyze and problem-solve, using professional vocabulary, methods, theories, and models. Apply personal problem-solving methods in relation to theory and practice and reflect over personal problem-solving and results in a self-critical manner.

Examination

Managerial Economics II: Type of test Oral with Written Assignment Marking scale 7-step scale Second examiner External examiner Exam period Spring Term Aids Please, see the detailed regulations below Duration Please, see the detailed regulations below

Examination

Individual oral exam (20 minutes per student) based on a written group report (max. 25 standard pages) and the course curriculum, including topics covered in Managerial Economics I. A group must consist of 3-5 students. Graded by teacher and external censor on the 7-point scale. The grade is based on an overall assessment of the written report and the oral performance. Re-exam when the ordinary exam is failed, is an individual oral exam (20 minutes per student) based upon the same group report with a 3-page supplement. Re-exam for students who has failed the written group report is an individual oral exam (20 minutes per student) based on an individual written report. Make-up exam for students who participated in writing the group report but were ill at the oral exam is an individual oral exam (20 minutes per student) based on the same group report. Make-up exam for students when ill during writing the report is an individual oral exam (20 minutes per student) based on an individual written report.

Course content

Progressing from the topics covered in the first semester, the second semester covers the following topics: Optimizing under Different Market Forms, Decision Situations and Restrictions: The objective is to set up conditions and assumptions regarding optimizing under different market forms, decision-making situations and restrictions. Further students’ should be able to use this background information to set up relevant optimizing scenarios and models. Cash-flow Establishing, Uncertainty and Evaluating the Investments’ Profitability: The objective is to establish and evaluate cash flows and the uncertainty regarding this matter. Further it is to use this knowledge as a foundation while setting up relevant investment calculus used in deciding on an investment’s profitability. Basics in Capital Raising and the Evaluation of Possible Financing Methods: The objective is to explain the basics within raising capital, and set up a calculus used for evaluating different financing alternatives.

Teaching methods

Lectures, workshops and exercises