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2020/2021  MA-MMBAO1101U  Managerial Economics

English Title
Managerial Economics

Course information
Language English
Course ECTS 3 ECTS
Type Mandatory
Level Part Time Master
Duration Two Semesters
Start time of the course Autumn, Spring
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for Master of Business Administration
Course coordinator
  • Jesper Rangvid - Department of Finance (FI)
Main academic disciplines
  • Economics
Teaching methods
  • Face-to-face teaching
Last updated on 01-09-2020

Relevant links
Learning objectives
At the end of the course, the participant should be able to:
• Apply microeconomic principles to decision making within a firm
• Explain how perfectly competitive markets function
• Apply game theoretic models to analyze strategic situations
Examination
Managerial Economics:
Exam ECTS 3
Examination form Home assignment - written product
Individual or group exam Individual exam
Size of written product Max. 15 pages
Assignment type Project
Duration Written product to be submitted on specified date and time.
Grading scale 7-point grading scale
Examiner(s) One internal examiner
Exam period Winter and Spring
Make-up exam/re-exam
Same examination form as the ordinary exam
A written case assignment based on a case or a subject chosen by the teacher. The assignment must be formulated and given to the student at least 9 days prior to the expiration of the deadline. It should be 15 pages long and submitted to CBS Digital Exam. The exam is held internally, and the assignment is put forward and assessed by the relevant faculty.
The make-up/re-examination will be held as an oral examination if the number of registered candidates for the make-up/re-examination warrants that it may most appropriately be held as an oral examination.
Course content, structure and pedagogical approach

Managerial economics deals with resource allocation and strategic decisions made by managers.

The course shows how microeconomic principles can be applied to company decision making. The emphasis is on stylized practical problems that may face anyone in a management position.

The three main sections of managerial economics are supply & demand analysis, pricing strategy, and the economics of information. Cost analysis is necessary to determine the most cost efficient method of production, including which components are better sourced from other companies. An understanding of costs, together with demand conditions, is also important in deciding how products should be priced. The second part of the course deals with demand, market segmentation, and the use of quality and quantity discrimination. In the final part the focus is on game theory and the role of asymmetric information and here we cover both economic incentives and bidding in auctions.
Description of the teaching methods
The course has diverse teaching methods using lectures, cases, reading and discussions. The class meetings are interactive and require ongoing engagement of the students.
Feedback during the teaching period
The Feedback: Feedback is given to the student together with the grade when the exam has been assessed.
The Evaluation: At the evaluation unit at CBS’s Economics & Analysis department, we ask you to evaluate the overall course. In other words, if there has been exercise classes and lectures, the evaluation should include both. We evaluate every course and faculty to secure and strengthen the professional level of the offered course.
Student workload
Lectures 24 hours
Preparation + exam 58,5 hours
Last updated on 01-09-2020