The student should be able to apply economic principles to decision making within a company. The aim is to provide practical guidance to 1) analyse the production costs, 2) set optimal prices for products, and 3) analyse long-term prospects for specific firms and markets.
AH2015 Managerial Economics 7.5 credits
This course has been discontinued.
Last planned examination: Autumn 2018
Decision to discontinue this course:
No information inserted
Course offerings are missing for current or upcoming semesters.
Headings with content from the Course syllabus AH2015 (Autumn 2010–) are denoted with an asterisk ( )
Content and learning outcomes
Course contents
Intended learning outcomes
This is a course in managerial economics which is tailored to students with an engineering background. The course shows how economic principles can be applied to company decision making. The emphasis is on practical problems that may face anyone in a management position. The three main sections of the course are cost analysis, pricing strategy, and competitive strategy. Cost analysis is necessary to determine the most cost efficient method of production, including which components are better sourced from other companies. An understanding of costs, together with demand conditions, is also important in deciding how products should be priced. In the second part of the course, you will learn how to estimate demand, segment markets, use quality discrimination, and decide volume discounts. In the final part of the course the focus is on long-run aspects of company strategy.
Literature and preparations
Specific prerequisites
A completed Bachelor's degree including at least 30 credits in mathematics/economics and documented proficiency in English B or equivalent (TOEFL, IELTS et).
Recommended prerequisites
No information inserted
Equipment
No information inserted
Literature
Michael Baye, Managerial Economics and Business Strategy (most recent edition).
Examination and completion
If the course is discontinued, students may request to be examined during the following two academic years.
Grading scale
A, B, C, D, E, FX, F
Examination
- INL1 - Assignments, 2.5 credits, grading scale: A, B, C, D, E, FX, F
- TEN1 - Examination, 5.0 credits, grading scale: A, B, C, D, E, FX, F
Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.
The examiner may apply another examination format when re-examining individual students.
Other requirements for final grade
Final exam+individual and group assignments
Opportunity to complete the requirements via supplementary examination
No information inserted
Opportunity to raise an approved grade via renewed examination
No information inserted
Examiner
Ethical approach
- All members of a group are responsible for the group's work.
- In any assessment, every student shall honestly disclose any help received and sources used.
- In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.
Further information
Course room in Canvas
Registered students find further information about the implementation of the course in the course room in Canvas. A link to the course room can be found under the tab Studies in the Personal menu at the start of the course.
Offered by
Main field of study
This course does not belong to any Main field of study.
Education cycle
Second cycle
Add-on studies
No information inserted
Contact
Kristina Nyström (kristina.nystrom@indek.kth.se)