2014/2015
KAN-CCSMO1053U Finance and Economics in the Service
Sector
| English Title |
| Finance and Economics in the Service
Sector |
|
|
| Language |
English |
| Course ECTS |
7.5 ECTS |
| Type |
Mandatory |
| Level |
Full Degree Master |
| Duration |
One Quarter |
| Course period |
Fourth Quarter |
| Timetable |
Course schedule will be posted at
calendar.cbs.dk |
| Study board |
Study Board for MSc of Social Science
|
| Course
coordinator |
- Andreas Egense - Department of Marketing
(Marketing)
|
| Main academic
disciplines |
- Finance
- Economics, macro economics and managerial
economics
|
|
Last updated on
14-08-2014
|
| Learning objectives |
The student must be able to:
- to account for theories and models from course literature
within finance and economy in the service sector
- to identify a relevant economic/financial problem for a service
company, use appropriate research methods, and be able to apply the
relevant theoretical knowledge to a business case
- to present argumentation that supports a given action oriented
conclusion based on an analysis of a given case
- to evaluate basic accounts and financial methods
- to assess cost benefit analyses and be able to calculate prices
for service corporations
- to examine pricing in relation to capacity and principles for
price discrimination
|
| Examination |
|
Finance and
Economics in the Service Sector:
|
| Exam
ECTS |
7,5 |
| 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 |
|
The oral exam is individual. If written alone the
project must be of max. 10 pages. |
| Size of written product |
Max. 15 pages |
| Assignment type |
Project |
| 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 second internal
examiner |
| Exam period |
May/June |
| Make-up exam/re-exam |
Same examination form as the ordinary exam
If a student is ill during the
regular oral exam, he/she will be able to re-use the project at the
make-up exam. If a student is ill during the writing of the project
and did not contribute to the project, the make-up exam can be
written individually or in groups (provided that other students are
taking the make-up/re-exam). If the student did not pass the
regular exam, he/she must make a new revised project (confer advice
from the examiner) and hand it in on a new deadline specified by
the secretariat.
|
|
| Course content and structure |
| This course provides knowledge on service
business economy and finance in service corporations. It deals with
pricing especially in relation to capacity conditions and price
discrimination. It enables the students to conduct cost benefit
analysis and analyze and evaluate investment proposals. It also
enables students to understand and read financial accounts of
corporations and to acquire skills in the valuation of assets. The
relationship between theory and practice will be achieved by
integrating the knowledge provided in the course to specific cases
of real service corporations. Through its learning activities and
assessment this course enhances competencies of problem solving,
team work, writing and presenting academic reports for an expert
audience, the coordination of project activities and the
application of knowledge to practice. |
| Teaching methods |
| Lectures, case analyses and exercises. |
| Expected literature |
Berk, et. al.: Fundamentals of Corporate Finance with
MyFinanceLab, 2/E Global, Pearson 2011.
Hong, Wei-Chiang: Competetiveness in the tourism sector, A
comprehensive approach from economic and management points, Berlin;
Physica-Verlag 2008.
Articles from Sturman, Michael C. et al: The Cornell School of
Hotel Administration on Hospitality, Cutting Edge Thinking and
Practice, Hoboken, N.J; Wiley, 2011.
Röller, L. H. et. al.: Capacity Pricing under Uncertainty, 1995,
INSEAD, Fontainebleau. |
|
Last updated on
14-08-2014
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