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Business Economics (Fall 2003)

Course code : XDØK-1-U05
ECTS Credits : 5 Status : Compulsory
Placement : 2. semester Hours per week : 4
Length : 1 semester Teaching Language : Danish

Principal Content : Managerial economics as a concept and the boundaries of the subject.
Managerial economics models
The objectives of different kinds of companies
Technical production objectives
Cost functions
Demand theory
Parameter theory
Elementary principles of optimization
Pricing under different market forms
Price differentiation
Competition funds
Description of the company’s financial situation, including financial direction, budgetting, annual accounting and problems in statements of profit and estimation of assets.
Teaching method : Lectures, assignments supplemented by exercises.
Required prequisites : -
Responsible teacher : Ricky Wilke , rw@ihk.dk