English   Danish

2019/2020  BA-BSOCO1830U  Managerial Economics II

English Title
Managerial Economics II

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Semester
Start time of the course Autumn
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Business Administration and Sociology
Course coordinator
  • Toke Reichstein - Department of Strategy and Innovation (SI)
Main academic disciplines
  • Managerial economics
  • Globalisation and international business
  • Organisation
Teaching methods
  • Face-to-face teaching
Last updated on 01-07-2019

Relevant links
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Account for different types of internal structures and processes in public and private organizations in an managerial economic perspective
  • Account for and explain how different transactions are governed and optimized both inside the organization and externally in the market
  • Account for and explain the implications of different strategic questions within the organization as well as in relation to its surroundings
  • Apply the (methods, theories and models) approaches of the course to carry out analysis rooted in managerial economics
Course prerequisites
The courses Business, Politics and Society and Managerial Economics II have one intergrated exam. You can only participate in Managerial Economics II if you also register for the other course mentioned above.
Prerequisites for registering for the exam (activities during the teaching period)
Number of compulsory activities which must be approved: 1
Compulsory home assignments
Number of compulsory activities which must be approved: 1 out of 2

During the semester, the student must complete a multiple-choice assignment and the score must be approved in order for the student to be able to attend the ordinary exam.
Examination
The course shares exams with
BA-BSOCO1831U
Course content, structure and pedagogical approach

Course Description:

Managerial Economics II is a course that seeks to furnish students with the ability to apply microeconomic theory to practical problems. Foremost in a business context making it pinnacle for rational managerial decision making. It aims to provide students with a understanding of how practical economic problems may be understood and managed using abstract theoretical learnings. It draws heavily on microeconomics. But to the degree it is possible, the course seeks to focus on the application of micro economics rather than dwell on its mathematical derivation of logical conclusions. The course will deal with such issues as prices, property rights, externalities, principal agent issues, contracting, and cognitive biases in decision making.  

   

This course provides an actionable framework for aspiring and already active managers and business operators, which can help them make better and the right coherent choices with regard to establishing and growing their business. It also offers insights that allow the students to understand complex associations in a given economics system and actively participate in both public and private debates using rigorous economic reasoning. 

 

Course Contents:

The objective of this course is to provide the student with an understanding of how the organizing of activities internal and external to the organization is approached within economics, based on the assumptions of bounded rationality within asymmetric and incomplete information. The course will seek to cover the most central aspects of societal challenges and apply micro economic theory to address these challenges. It hence provides the students with a framework for thinking about these challenges in a rigorous and organized manner. It entails powerful tools of reasoning which allow the students to tackle an infinite number of aspects of decision making
Description of the teaching methods
The exam integrates the two courses, and the teaching in both courses consists of a mixture of lectures and students’ discussions. The course will make use of well-known scenes from series or movies to illustrate points and reflections of the learned contents. It will also be using naive yet relevant and powerful data collected among the students to pinpoint the power of the course contents. This allows the students to reflect on its contents and illustrate how relevant the contents of the course in fact is.
Feedback during the teaching period
The course seeks to offer feedback wherever feasible. Lectures and classes will provide extensive opportunities for questions and answers. There is reserved 10 minutes at the end of each lecture for feedback. The home assignment will also provide feedback since the students will be given the correct answers to the multiple choice. Students are also encouraged to make use of the faculty office hours if they would like to a chance to ‘test’ lines of argumentation, secure further information about course themes.
Student workload
Lectures preparation and participation 120 hours
Exercises preparation and participation 60 hours
Exam preparation 26 hours
Further Information

For more details about the 3rd semester Business in Context exam, see guidelines on CBS CANVAS.
Expected literature

PLEASE CHECK THE UPDATED VERSION OF THE COURSE GUIDES ON CBS CANVAS BEFORE BUYING ANY BOOKS 


The following book is required reading for this course, along with articles made avaliable on CBS CANVAS:  George Hendrikse 2003 Economics and Management of Organizations, McGraw-Hill
Last updated on 01-07-2019