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Economy (Fall 2008)

Course code : PØKO1-U5
ECTS Credits : 5 Status : Compulsory
Revised : 20/11 2007 Written : 29/05 2000
Placement : 2. semester Hours per week : 4
Length : 1 semester Teaching Language : Danish

Objective : To introduce the engineering student to basic economic concepts with the purpose of creating a basis of holostic thinking within the areas of techonology, management and economy. To provide the engineering studnet with a sufficient understanding of economic theories, models and methods that will allow him to formulate and solve relatively simple problems originating from the problem sphere of the manufacturing company.
Principal Content : Production and the production function Costs Demands and markets Optimization and price policy Product costing Theory of investments.
Teaching method : Class lessons, group discussions, home work assignments
Required prequisites : -
Recommended prerequisites : -
Relations : -
Type of examination : Four hours written examination
External examiner : External
Marking : 7 step scale
Remarks : All aids are allowed by the examination Exercises must be approved before examination
Teaching material : Peter Lynggaard: Driftsøkonomi Supplementary literature will be announced
Responsible teacher : Frank Allan Hansen , fall@dtu.dk