| Learning objectives |
Participants completing this course are expected
to be able to understand and explain a number of economic
phenomena, such as:
- Apply microeconomic principles to decision making within a
business.
- .Apply microeconomic principles to analyse competition and
outcomes in markets.
- .Apply microeconomic principles to analyse strategic situations
between transacting parties.
- Explain fundamental economic behavior in the goods, financial
and labour markets.
- Demonstrate and understanding of macroeconomic (fiscal policy,
monetary policy, financial stability policy) responses to
macroeconomic fluctuations and how such responses affect firms and
households.
- Explain how the macroeconomic situation affects financial
markets and financial assets, and vice versa.
- Apply economic and financial theory and empirics to firms’
decisions and behaviour, such as investment and financing decisions
and their operating performance.
|
| Prerequisites for registering for the exam
(activities during the teaching period) |
|
Number of compulsory
activities which must be approved (see section 13 of the Programme
Regulations): 1
Compulsory home
assignments
For part 4: On site-applied assignments: Group presentation of
company case. As part of the presentation, students will provide
peer-feedback, both on the work done in the groups and on the
in-class presentation of the groups' solution to the
assignment.
|
| Examination |
The exam in the subject consists of three parts:
| Part 1 -
Economics and Financial Markets: | | Sub exam weight | 30% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 10 pages | | The first part of the course – Microeconomics –
uses the following type of exam:
An individual written assignment that uses microeconomic principles
to analyse a business/an organization/a market/a strategic
situation. The assignment can be based on case of the student’s
choice or, if preferred by the student, a case assigned by the
lecturer. This assignment makes up 30% of the final grade in the
course. | | Assignment type | Written assignment | | Release of assignment | Subject chosen by students themselves, see
guidelines if any | | Duration | Written product to be submitted on specified date
and time. | | Grading scale | 7-point grading scale | | Examiner(s) | Internal examiner and second internal
examiner | | Exam period | Autumn and Winter | | Make-up exam/re-exam | Same examination form as the ordinary exam The make-up/re-examination may be
held as an oral examination if the number of registered candidates
warrants this. |
| Part 2 -
Economics and Financial Markets: | | Sub exam weight | 35% | | Examination form | Written sit-in exam on CBS'
computers | | Individual or group exam | Individual exam | | Assignment type | Multiple choice | | Duration | 2 hours | | Grading scale | 7-point grading scale | | Examiner(s) | Internal examiner and second internal
examiner | | Exam period | Autumn and Winter | | Aids | Closed book: no aids
However, at all
written sit-in exams the student has access to the basic IT
application package (Microsoft Office365 (minus Excel), document
camera and paper, 7-zip file manager, Adobe Reader DC, PDF24,
Texlive, VLC player, Windows Media Player – ATTENTION no sound
allowed), and the student is allowed to bring simple writing and
drawing utensils (non-digital). PLEASE NOTE: Students are not
allowed to communicate with others during the exam. | | Make-up exam/re-exam | Same examination form as the ordinary exam The number of registered candidates for the make-up
examination/re-take examination may warrant that it most
appropriately be held as an oral examination. The programme office
will inform the students if the make-up examination/re-take
examination instead is held as an oral examination including a
second examiner or external examiner. The make-up/re-examination may be
held as an oral examination if the number of registered candidates
warrants this. | Description of the exam
procedure
Course material comprehension test:
A written multiple-choice test covering core theories, frameworks
and readings. The test is conducted in writing in-class during
lectures |
| Part 3 -
Economics and Financial Markets: | | Sub exam weight | 35% | | Examination form | Home assignment - written product | | Individual or group exam | Individual exam | | Size of written product | Max. 5 pages | | Assignment type | Written assignment | | Release of assignment | Subject chosen by students themselves, see
guidelines if any | | Duration | Written product to be submitted on specified date
and time. | | Grading scale | 7-point grading scale | | Examiner(s) | Internal examiner and second internal
examiner | | Exam period | Autumn and Winter | | Make-up exam/re-exam | Same examination form as the ordinary exam The make-up/re-examination may be
held as an oral examination if the number of registered candidates
warrants this. | Description of the exam
procedure
An individual written assignment (max. 5 pages) in which
participants select a theme within economics and financial markets
and analyze it using a company of their choice as empirical
context.
|
|
| Course content, structure and pedagogical
approach |
|
The course is divided into two parts: (i) Microeconomics and
(ii) Macroeconomics and Financial markets.
The first part of the course on microeconomics deals with
resource allocation and strategic decisions.
This part shows how microeconomic principles can be applied to
decision making and market outcomes. The emphasis is on stylized
practical problems that may face anyone in a management
position.
The four main sections of this part of the course are supply
& demand analysis, pricing strategy, game theory, and the
economics of information.
The second part of the course on macroeconomics and financial
markets offers a broad introduction to some key theories and issues
in current macroeconomic and financial debates.
The aim of this part of the course is to enable the participants
to better understand, first, the origin of macroeconomic and
financial issues affecting economies; second, how they may be
mitigated through economic policy; third, what
determines interest rates and returns on other financial
assets. In the course, emphasis is on how macroeconomic
developments affect financial markets and the financing
opportunities of firms.
Throughout the course, modern analytical tools will be used to
address these issues. Intuition and real-world applications are
prioritized over formal models and technical details. The reading
material is based on textbook chapters, articles from international
journals and reports from respected policy institutions and think
tanks. All sessions will comprise elements of both lectures and
discussion, in plenum as well as in groups.
|
|
| Research-based teaching |
|
CBS’ programmes and teaching are research-based. The following
types of research-based knowledge and research-like activities are
included in this course:
Research-based knowledge
- Classic and basic theory
- New theory
- Teacher’s own research
- Methodology
- Models
Research-like activities
- Data collection
- Analysis
- Discussion, critical reflection, modelling
|
| Description of the teaching methods |
| Seminar: lectures, case discussions,
mini-workshops, guest lectures, company visits, and class
presentations. The class meetings are interactive and require
active participation. |
| Feedback during the teaching period |
The feedback
Feedback is given to the student together with the grade when
written and oral exams have been evaluated.
The evaluation
At the evaluation unit at CBS’s Economic & 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 |
48 hours |
| Preparation + Exam |
60 hours |
|
| Expected literature |
|
Syllabus will be available, well in time, before the first
session
|
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