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Business Economics (Fall 2005) |
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| Course code : | XDØK-U1 | ||
| ECTS Credits : | 5 | Status : | Compulsory |
| Revised : | 03/01 2005 | Written : | 28/08 2003 |
| Placement : | 2. semester | Hours per week : | 4 |
| Length : | 1 semester | Teaching Language : | Danish |
| Objective : | To provide the students with knowledge of basic business concepts and models (managerial economics). To provide the students with the skills needed to understand and estimate the financial perspectives in the different functions of a company as well as the teamwork between these functions. | ||
| 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 : | - | ||
| Recommended prerequisites : | Passed Macro Economics and Mathematics 1. | ||
| Relations : | Prerequisite for Project Unit 4. | ||
| Type of examination : | Oral examination | ||
| External examiner : | External | ||
| Marking : | Scale of 13 | ||
| Remarks : | - | ||
| Teaching material : | Peter Lynggaard: Driftsøkonomi, Nyt Nordisk Forlag, Arnold Busck, Copenhagen, latest edition. Jens Ocksen Jensen & Ole Christensen: Økonomistyring og budgettering, latest edition, Forlag: Systime A/S | ||
| Responsible teacher : | Ricky Wilke
, rw@ihk.dk |
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