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2015/2016  KAN-CSSMO2002U  Finance and Economics in the Service Sector

English Title
Finance and Economics in the Service Sector

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Full Degree Master
Duration One Quarter
Start time of the course Spring
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
Last updated on 14-08-2015
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: 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
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
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 Spring
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 14-08-2015