Managerial Economics
Overall Course Objectives
The students must demonstrate the ability to use the economic theory to analyze concrete situational aspects of corporate decision making, and give one or more suggestions for potential solutions in this matter. The student should also be able to choose and apply specific models which fit best to a given solution and give reasons for this choice of model and why it is especially applicable.
See course description in Danish
Learning Objectives
- Have the ability to use and apply course specific terminology
- Describe principles and application for a number of central strategic analyses: SWOT, PEST, Porters Five Forces, Porters Value Chain, Porters Generic Strategies and the Boston-model
- Apply Costing Theory and Theory of Supply and Demand to calculate optimal sales and price for a product
- Explain the registration systems of a company, including bookkeeping, closing of the accounts and periodizing
- Explain the financial report and its components
- Apply and calculate key ratios when analysing a company’s annual report
- Explain how budgeting can be used as an important management tool helping to fulfil the company´s objectives
- Prepare budgets (Profit & Loss, Balance Sheet and Cash-Flow budgets)
- Make cash-flow projections and analyze an investments profitability by calculating net present value, internal rate of return.
- Describe potential sources of finance for small and medium sized companies and entrepreneurs and calculate internal rates of interest.
- Integrate sustainability, ESG, climate and environmental accounts and the SDGs in connection with economic dicision making
Course Content
• Strategic analysis (SWOT, PEST, Porters Five Forces, Porters Value Chain, Porters
Generic Strategies and the Boston model)
• Cost theory
• Optimal price and sale under different forms of competition
• Annual Accounts and its components
• Financial Analysis
• Budgeting as a management tool
• Budgeting
• Investment
• Finance
Teaching Method
Class Lectures & Discussions, Cases and home work.
Faculty
Remarks
Section of Business Development