Course - Managerial Economics and Accounting - AE101108
AE101108 - Managerial Economics and Accounting
Examination arrangement: School exam
Grade: Letter grades
|Evaluation||Weighting||Duration||Grade deviation||Examination aids|
|School exam||100/100||4 hours||D|
- Introduction to managerial accounting
- Costs and cost structures
- Cost allocation
- Short-term decision making
- Cost-volume-profit analysis
- Pricing decisions
- Long-term decisions
- Purpose and use of financial accounts
- Double entry bookkeeping
- Basic bookkeeping
- Introduction to accrual accounting
- Closing the books
Students should be able to explain key concepts and explain important methods used for managerial decision-making purposes. Examples of concepts that the students should be able to explain: Opportunity cost, sunk cost, decision-relevant costs, contribution margin, cash flow, present value, accruals. Examples of tools that the students should be able to explain: Contribution calculations, break-even, present value calculations, the balance equation.
After completing the course, students should be able to (a) apply acquired knowledge for analyzing and discussing managerial topics, (b) distinguish between relevant and irrelevant information, and (c) be able to communicate analyses performed. This means: 1) When the method is stated, be able to use the method 2) Based on simple as well as complex situation descriptions, be able to make logical assumptions about relevant information and connect this with the correct method and apply this correctly.
Students should be able to ask critical questions to, and reflect on, key assumptions and assumptions within the area. The course contributes to the beginning of thinking about how management accounting and control can contribute to developing sustainable business models. The course will also lay the first foundation for satisfying the expectations set by future employers with regard to work effort and capacity
Learning methods and activities
Lectures, mandatory assignments and self-study. The main part of the learning is based on the students reading and doing exercises by themselves. The lectures are based on the fact that students have read the course material and worked with assisngments before the lecutres.
- Mandatory assignment
Further on evaluation
There will be mandatory assignments. One must expect assignments on a weekly basis. The assignments may either be given on individual or group basis. Details regarding number of assignments, how many must be passed and details about the different assignments will be given at course start. Approved assignments from earlier years are valid until substantial changes are done with respect to course content.
Supporting material allowed on exams:
- Approved calculator in accordance with NTNU's support material code B-D "specific basic calculator".
- Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus. Re-sit examination may be given as oral examination.
- Calculator is according to regulations for NTNU Business School.
Re-sit exam in this course may be given as an oral exam
Recommended previous knowledge
Required previous knowledge
Berg, Terje: Grunnleggende økonomistyring, 3. utgave, Cappelen Damm Akademisk (2021).
In the bookkeeping part is the following book used: Bokføring og regnskapsforståelse av Berg og Sending (Fagbokforlaget 2019).
Lecture notes, mandatory assignments and other published in the learning platform is also considered part of the curriculum. This goes also for what is said and done during lectures.
Credits: 7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2023
Language of instruction: Norwegian
- Economics and Administration
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 D 2023-12-11 09:00 INSPERA
Room Building Number of candidates C215 Ankeret/Hovedbygget 5 G132 Gnisten/Fagskolen 51 C218 Ankeret/Hovedbygget 40 Gymsal Laterna/Lab-bygg 118 G317 Gnisten/Fagskolen 1 C225 Ankeret/Hovedbygget 3 C226 Ankeret/Hovedbygget 14
- Summer UTS School exam 100/100 D INSPERA
Room Building Number of candidates
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"