Business Economics
About the course
Business economy discusses different concepts dealing with the business in an economical context. Gives introduction to basic cost-benefit analysis, accounting choice of product, investment theory, budgeting and target pricing.
Objectives of the course
Knowledge : - Be able to explain central concepts and important tools used in analysis of business economic problems.
- Examples of concepts:
- Regular cost,
- variable costs,
- alternative costs,
- contribution margin,
- present value,
- end-value,
- cost of capital,
- target pricing and budgeting
- Examples of tools:
- Contribution margin,
- absorption costing,
- product analyses,
- cost account,
- calculation of products
Skills/abilities:
- Be able to use concepts and tools in analysis and discussion around business economic issues.
- Sort relevant form irrelevant information
Competence:
Give written answers on questions that give the reader understanding of used method and the process to an answer.
- When a tool is given, be able to use it correct.
- From a described situation, choose correct tool and apply it correct.
Teaching methods
Language of instruction and examination
EnglishAssessment
Two individual written assigments must be passed during the semester to be able to attend the final exam.
Exam: 4 hours school exam.
A re-sit exam will be arranged for this course.
Error rendering component