AE101108 - Managerial Economics and Accounting


Examination arrangement

Examination arrangement: School exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
School exam 100/100 4 hours C

Course content

Managerial accounting:

  • Introduction to managerial accounting
  • Costs and cost structures
  • Cost allocation
  • Costing
  • Short-term decision making
  • Cost-volume-profit analysis
  • Pricing decisions
  • Long-term decisions

Financial accounting:

  • Purpose and use of financial accounts
  • Double entry bookkeeping
  • Basic bookkeeping
  • Introduction to accrual accounting
  • Closing the books

Learning outcome


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.

General competence

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.

Compulsory assignments

  • 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.
  • At the beginning of the semester, possible other supporting material will be announced.

Re-sit exam in this course may be given as an oral exam

Required previous knowledge


Course materials

Berg, Terje: Grunnleggende økonomistyring, Latest edition.

In the bookkeeping part is the following book used: Bokføring og regnskapsforståelse by Berg og Sending, Latest edition.

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.

Credit reductions

Course code Reduction From To
BØA1100 7.5 SPRING 2017
SMF1194 7.5 AUTUMN 2019
SMF1194F 7.5 AUTUMN 2019
More on the course



Version: 1
Credits:  7.5 SP
Study level: Foundation courses, level I


Term no.: 1
Teaching semester:  AUTUMN 2024

Language of instruction: Norwegian

Location: Ålesund

Subject area(s)
  • Economics and Administration
Contact information
Course coordinator: Lecturer(s):

Department with academic responsibility
Department of International Business


Examination arrangement: School exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD School exam 100/100 C INSPERA
Room Building Number of candidates
Summer UTS School exam 100/100 C 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"

More on examinations at NTNU