course-details-portlet

AM101020 - Practical economics with calculations

About

Examination arrangement

Examination arrangement: Written exam
Grade: Letter grades

Evaluation Weighting Duration Grade deviation Examination aids
Written exam 100/100 4 hours D

Course content

  • Simple arithmetic, algebra and graphical presentation of economic problems, including simple functions and equations
  • Percentage calculation
  • Financial key figures
  • Calculation basis and selective calculation
  • Break-even analysis
  • Descriptive statistics
  • Simple analysis of variance
  • Cross-tabulation analysis/covariance

Learning outcome

Knowledge

The candidate must:

1. be able to use numerical calculations to interpret and solve concrete business financial problems

2. be able to produce and use calculation bases to gain a comprehensive understanding of business economic problems

3. have an understanding of the use of statistics in business economics problems

Skills

The candidate must:

1. be able to calculate on interest rates and financial problems

2. be able to calculate on cost and income functions, and solve simple equations that describe economic relationships

3. be able to analyze and discuss financial break-even problems

4. be able to use calculation techniques to find financial key figures and be able to use these as a basis for financial decisions (contribution margin, gross profit, profit margin, cost methods, contribution methods, etc.)

5. be able to apply simple descriptive statistics, perform simple analysis of variance and cross-tabulation

Competence

The candidate must:

1. be able to use mathematics to find possible solutions to practical economical problems

2. be able to transfer solving techniques for one type of financial problem to another

3. be able to understand simple statistical methods and apply them to economical problems

Learning methods and activities

Pedagogy:

Combined sessions with lectures, arithmetical exercises in groups and briefing/ debriefing in plenary.

This course emphasizes collaborative learning.

Compulsory assignments

  • Mandatory assignment

Further on evaluation

Special conditions

Students must be registed for both classes and examination in the same semester.

Mandatory assignments will be specified in the beginning of the semester. Previously approved mandatory assignments are valid in later examination attempts.

Specific conditions

Admission to a programme of study is required:
Marketing, Innovation and Management (359ML)

Course materials

Will be specified when the semester starts.

More on the course

No

Facts

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

Coursework

Term no.: 1
Teaching semester:  AUTUMN 2023

Language of instruction: Norwegian

Location: Ålesund

Subject area(s)
  • Managerial Economics, Finance and Operations Research
Contact information
Lecturer(s):

Department with academic responsibility
Department of International Business

Examination

Examination arrangement: Written exam

Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
Autumn ORD Written exam 100/100 D 2023-12-06 09:00 INSPERA
Room Building Number of candidates
G132 Gnisten/Fagskolen 50
G317 Gnisten/Fagskolen 1
C218 Ankeret/Hovedbygget 40
C215 Ankeret/Hovedbygget 7
C226 Ankeret/Hovedbygget 7
C225 Ankeret/Hovedbygget 1
Spring UTS Written exam 100/100 D 2024-05-13 09:00 INSPERA
Room Building Number of candidates
G326 Gnisten/Fagskolen 2
  • * 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.
Examination

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

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