Print as pdf if you want a pdf! If you want a nicer printout, click off the browser's automatically added header and footer.

Blekinge Institute of Technology
Department of Industrial Economics

Revision: 3
Reg.no:


Course syllabus

Managerial Economics

Managerial Economics

7.5 credits (7,5 högskolepoäng)

Course code: IY2593
Main field of study: Industrial Economics and Management
Disciplinary domain: Technology
Education level: Second-cycle
Specialization: AXX - Second cycle, in-depth level of the course cannot be classified

Language of instruction: English
Applies from: 2015-09-08
Approved: 2015-09-08

1. Descision

This course is established by The Quality Education Committee 2011-02-16. The course syllabus is approved by Head of Department of Industrial Economics 2015-09-08 and applies from 2015-09-08.

2. Entry requirements

Bachelor degree in science in engineering including a degree project of 7,5 hp, 15 hp mathematics on basic/advanced level, 5 hp industrial economics and organization, business administration or the equivalent, English B and 2 years of work experience.

3. Objective and content

3.1 Objective

The aim of the course is to enable students to understand how individuals, decision-makers and enterprises can use microeconomic theories and methods to analyse and solve authentic market issues. A further aim is to analyse changes to the issues contingent on changed assumptions and parameters.

3.2 Content

The course provides students with a basic understanding of microeconomic theory and its different sub-areas. A further focus is on the workings of different markets and the assumptions on which these are based. The sub-areas covered by the course include production economics, consumption theory and the distribution of scarce resources.

4. Learning outcomes

The following learning outcomes are examined in the course:

4.1. Knowledge and understanding

On completion of the course, the students shall be able to:

  • demonstrate understanding of basic microeconomic theories and issues
  • demonstrate understanding of basic models for supply and demand in different market structures
  • demonstrate understanding of factors affecting consumer choice
  • demonstrate understanding of production and cost functions for different types of enterprises
  • demonstrate understanding of different theories of monopoly, oligopoly and perfect competition

4.2. Competence and skills

On completion of the course, the students shall be able to:

  • use microeconomic theories to theoretically and empirically analyse different markets
  • apply microeconomic theories to authentic problems in working life
  • apply microeconomic theories to consumer choice
  • apply production and cost functions in an authentic context
  • write academic reports based on the course content

4.3. Judgement and approach

On completion of the course, the students shall be able to:

  • critically assess and review issues of competition, earnings and survival for enterprises in different types of markets

5. Learning activities

The teaching consists of lectures and exercises.

6. Assessment and grading

Modes of examinations of the course

Code Module Credit Grade
1705 Microeconomics and Business Strategy 5.5 credits AF
1715 Consumer theory and applications 1 credits GU
1725 Market analysis 1 credits GU

The course will be graded A Excellent, B Very good, C Good, D Satisfactory, E Sufficient, FX Failed result, a little more work required, F Fail.

The information before a course occasion states the assessment criteria and make explicit in which modes of examination that the learning outcomes are assessed.

An examiner can, after consulting the Disability Advisor at BTH, decide on a customized examination form for a student with a long-term disability to be provided with an examination equivalent to one given to a student who is not disabled.

7. Course evaluation

The course evaluation should be carried out in line with BTH:s course evaluation template and process.

8. Restrictions regarding degree

The course can form part of a degree but not together with another course the content of which completely or partly corresponds with the contents of this course.

9. Course literature and other materials of instruction

Kurslitteratur:

Erfle, Keat & Young (senaste upplaga): Managerial Economics, Prentice Hall.

Övriga lärresurser:

Vetenskapliga artiklar om maximalt 300 sidor.

This is not a legal document. If you would like a copy of the legal decision regarding this course plan, contact the registrar at Blekinge Institute of Technology.