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2017/2018  BA-BSOCO1028U  Managerial Economics I

English Title
Managerial Economics I

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course First Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Business Administration and Sociology
Course coordinator
  • Eric Bentzen - Department of Operations Management (OM)
Main academic disciplines
  • Managerial economics
  • Economics
Last updated on 30-06-2017

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors: On successful completion of this course, the student will have acquired a basic understanding of economic theories seen from a Managerial economics’ perspective, focusing on the individual organization. The student should be able to:
  • account for basic microeconomic processes and assumptions within Managerial Economics,
  • account for rationality assumptions and optimising strategies at the level of the individual and the firm,
  • perform basic calculations based on the theories and methods presented in the course curriculum
Managerial Economics 1:
Exam ECTS 7,5
Examination form Written sit-in exam on CBS' computers
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Autumn
Aids Limited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • Books (including translation dictionaries), compendiums and notes in paper format
The student will have access to
  • Advanced IT application package
At all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player). PLEASE NOTE: Students are not allowed to communicate with others during the exam : Read more about exam aids and IT application packages here
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Course content and structure

Aim of the course
“Managerial economics” refers to the application of economic theory and the tools of analysis of decision science to examine how an organization can achieve its aims or objectives most efficiently.
So the focus is on the individual organization and the aim of the course is to provide the student with ways of reasoning, thinking and approaching problems, and with a number of models and tools that will enable the student to “attack” and solve complex decision problems on an organizational level.

Teaching methods
Lectures, exercise classes, case-based teaching.
Feedback during the teaching period
During exercise hours
Student workload
Lectures 32 hours
Preparation per lecture 80 hours
Exercises 32 hours
Preparation for exercises 32 hours
Exam preparation 40 hours
Expected literature

Mark Hirschey & Eric Bentzen, Managerial Economics, 14. edition, Cengage Learning, 2016.

PowerPoints and material from lectures

Last updated on 30-06-2017