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2013/2014  BA-EOKII  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 Autumn
3. semester
Time Table Please see course schedule at e-Campus
Study board
Study Board for BA in English and Organisational Communication
Course coordinator
  • Victor Lund - Department of Operations Management (OM)
Main academic disciplines
  • Finance
  • Financial and management accounting
  • Corporate and Business Strategy
  • Economics, macro economics and managerial economics
Last updated on 15-08-2013
Learning objectives
The student must be able to:
  • analyze and evaluate the external accounts of a company, and demonstrate basic knowledge of budgeting for the internal accounting of an enterprise.
  • assess the investment decisions of a company, including a description of the payment sequences and methods for assessing profitability and risk in investments
  • explain corporate finance, including funding sources and basic methods for the assessment of funding
Course prerequisites
Managerial economics I is desirable, but not a requirement.
Examination
Oral examination based on case assignment:
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 Group exam, max. 5 students in the group
Prior to the individual oral examination students hand in a case assignment in groups of 2-5. The report must illustrate the ability to apply theory and an understanding of the relationship between the various elements of the curriculum. The oral examination is partly based on the group prepared report, but with the entire curriculum from Managerial Economics I and Managerial Economics II as the base.Length for preparation of the essay: 72 hours

Examination language: English
Size of written product Max. 20 pages
Assignment type Report
Duration
Written product to be submitted on specified date and time.
20 min. per student, including examiners' discussion of grade, and informing plus explaining the grade
Grading scale 7-step scale
Examiner(s) Internal examiner and external examiner
Exam period Winter Term
Make-up exam/re-exam
Another examination form
Make-up/re-examination:
If the student has prepared and delivered a written case assignment for the regular exam, but was ill during the oral exam; then the make-up-exam will be based on the already submitted report.

If the student due to illness has not submitted a written essay for the ordinary exam or if the student did not pass the regular exam, then the Make-up/re-examination will be an oral examination of 20 minuttes based on the syllabus.
Course content and structure
  • On completing this course, students know and can apply the fundamentals of business economic theory and method, with the objective to analyze and classify rational decision-making in specific situations, taking into account the limitations and the organization's short-term and long-term objectives regardless of the type of business and industry.
  • The course aims at providing students with understanding of the prerequisites for qualified decision making in a company's various functional areas including sales, marketing, production and costs.
Teaching methods
• Lectures
• Workshops where theory is presented and applied in case studies and assignments.
• Classroom exercises in which theory is applied through various tasks.
Student workload
Teaching 54 hours
Preparation (including preparation for exercises) 83 hours
Home assignments 25 hours
Examination incl. preparation for exam 45 hours
Expected literature

ANA - Dyson, John R.: Accounting for Non-Accounting Students; Prentice Hall, 8th edition 2010.
SIF - Hedegaard, Ove; Hedegaard, Michael: Strategic investment & Finance, DJØF Forlag 2008.
 
Last updated on 15-08-2013