FÖ0449 Managerial economics, 7.5 CreditsFöretagsbeslut & mikroekonomi
Education cycleFirst cycle
Advanced study in the main fieldFirst cycle, less than 60 credits from first-cycle courses as entry requirements(G1F)
Prior knowledge30 credits Business Administration and 15 credits Economics equivalent to "Microeconomics I with Mathematics".
ObjectivesThe objective of the course is to provide in-depth knowledge of microeconomic theory and mathematical methodology from a business perspective. The course emphasizes strategic aspects that companies have to consider and how microeconomic theory can contribute to better understanding of consumer behavior and markets, from the company’s perspective optimal production, investment and financing decisions as well as pricing. The course provides basic tools that are central to financial, mathematical and statistical business analysis.
After successful completion of the course, students will be able to:
- apply microeconomic theory and mathematical methodology to analyze consumer behavior and markets from a business perspective,
- apply microeconomic theory and mathematical methodology to analyze companys’ production, investment and financing decisions,
- apply microeconomic theory and mathematical methodology to analyze alternative pricing strategies,
- apply microeconomic theory and mathematical methodology to analyze strategic behavior between companies,
- use microeconomic theory and mathematical methodology to provide numerical basis for decision for companies,
- apply regression analysis to prepare business decisions, as well as
- critically evaluate and relate to financial decision making.
ContentThe course provides in-depth knowledge of how microeconomic theory and mathematical methodology can be used to develop decision basis for companies and to analyze optimal and strategic aspects from an enterprise perspective. The course is largely based on applications analyzed by mathematical methods. During the course, students will also develop statistical basis of decision (regression analysis).
The course begins with a review of consumer behavior and optimal consumer choice as well as analysis of individual and market demand. After that we will review the company’s optimal production decisions. We then discuss the company’s investment and financing decisions as well as alternative pricing strategies.
Formats and requirements for examinationPassed exam as well as passed computer exercise and written assignments.
- If the student fails a test, the examiner may give the student a supplementary assignment, provided this is possible and there is reason to do so.
- If the student has been granted special educational support because of a disability, the examiner has the right to offer the student an adapted test, or provide an alternative assessment.
- If changes are made to this course syllabus, or if the course is closed, SLU shall decide on transitional rules for examination of students admitted under this syllabus but who have not yet passed the course.
- For the examination of a degree project (independent project), the examiner may also allow the student to add supplemental information after the deadline. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.
- The right to take part in teaching and/or supervision only applies to the course date to which the student has been admitted and registered on.
- If there are special reasons, the student may take part in course components that require compulsory attendance at a later date. For more information on this, please refer to the regulations for education at Bachelor's and Master's level.