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2021/2022  BA-BSOCO1812U  Managerial Economics I

English Title
Managerial Economics I

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
  • Eric Bentzen - Department of Operations Management (OM)
Main academic disciplines
  • Managerial economics
  • Economics
Teaching methods
  • Blended learning
Last updated on 30-06-2021

Relevant links
Learning objectives
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
Examination
Managerial Economics I:
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-point grading scale
Examiner(s) Internal examiner and external examiner
Exam period Winter
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
  • In Paper format: Books (including translation dictionaries), compendiums and notes
The student will have access to
  • Advanced IT application package
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, structure and pedagogical approach

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.

 

In the autumn parts of the teaching may take place online.
Description of the teaching methods
Lectures, exercise classes, case-based teaching.
Selected lectures and selected exercises are online.
Feedback during the teaching period
Feedback takes several, complementary forms throughout the course.
First, individual teacher-to-student feedback is offered weekly in oral form during exercises sessions. Such feedback consists of both a brief evaluation of the weekly exercises, and a suggestion on what topics to review.

Second, written teacher-to-student feedback is offered bi-monthly via online, multiple choice quizzes. Such quizzes help students test their knowledge of relevant theories, in line with the learning objectives.

Third, oral feedback is offered to student groups during office hours, which consist of a 2 hours slot offered weekly by appointment (at least 24 hours notice in advance).

Finally, student-to-teacher feedback takes the form of a mid and final course evaluation, where students have the possibility to suggest changes and raise relevant issues in order to improve the course.
Student workload
Lectures 32 hours
Preparation per lecture 75 hours
Exercises 32 hours
Preparation for exercises 32 hours
Exam preparation 35 hours
Expected literature

Eric Bentzen, Carsten Scheibye & Mark Hirschey: Managerial Economics,

15. Edition, Cengage Learning, 2019.

 
Last updated on 30-06-2021