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2015/2016  BA-BSOCO1013U  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
  • Kjeld Tyllesen - Department of Operations Management (OM)
For a description of the integrated exam, see the entry for Fundamentals of Social Theory (BA-1FST)
Main academic disciplines
  • Managerial economics
  • Economics
Last updated on 09-09-2015
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
Course prerequisites
The courses BA-BSOCU1004U The Art and Practices of Business Accounting, BA-BSOCU1005U Fundamentals of Social Theory, BA-BSOCU1006U Introduction to Economic Sociology, and BA-BSOCU1007U Managerial Economics I have one intergrated exam. You can only participate in BA-BSOCU1007U Managerial Economics I if you also register for the other courses: BA-BSOCU1004U The Art and Practices of Business Accounting, BA-BSOCU1005U Fundamentals of Social Theory, and BA-BSOCU1006U Introduction to Economic Sociology.
Examination
The course shares exams with
BA-BSOCO1011U
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.
Expected literature

Hirschey & Bentzen, Managerial Economics, 13. edition, Cengage Learning

PowerPoints and material from lectures
Last updated on 09-09-2015