Managerial Economics 1

• Have the ability to use and apply cource specific terminology
• Apply course specific methods to describe and analyze a concrete problem statement and recommend one or more suggestions for a solution and be critical of the data that underlies a specific issue and conclusion.
• Apply and explain Production Theory
• Apply and explain Costing Theory, Theory of demand, and Pricing
• Apply and explain Theory og demand and Pricing
• Desribe and analyse different market forms
• Calculate optimal price and quantities under different market forms
• Explain and apply Linear Programming in connection with determination of opitimal product mix
• Illustrate and explain the content of a Profit and Loss statement and Balance Sheet
• Apply and calculate relevant ratios when analyzing a campany’s annual report.
• Integrate sustainability, ESG, climate and environmental accounts and the SDGs in connection with economic dicision making

Annual Accounts (Profit and Loss & balance sheet)
Ratio analysis of the annual accounts
Sustainability and ESG rapporting
Production theory
Cost theory and profitability analysis
Theory of demand and pricing
Different market forms
Price and quantity optimization
Linear Programming

Class Lectures & Discussions, Cases & Activities

Section of Business Development
Global Business Engineering: 2. semester
Production: 1. semester
KemiTeknik og International Business: 2. semester
Fiskeriteknologi: 4. semester
IT and Economics: 1st semester

The course is completed by an individual oral examination.