Course - Managerial Economics - SMF1194
Managerial Economics
About
About the course
Course content
Managerial accounting:
- Introduction to managerial accounting
- Costs and cost structures
- Cost allocation
- Costing
- Short-term decision making
- Cost-, volume-, profitanalysis
- Pricing decisions
- Long-term decisions
Learning outcome
Knowledge
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.
Skills
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 assingments before the lectures.
Compulsory assignments
- Compulsory assignments
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.
Specific conditions
Admission to a programme of study is required:
Business Administration (BØA)
Business Administration (ÅØKADM)
Business Management (BØKLEDC)
Civil Engineering - Engineering (BIBYGG)
Computer Science - Engineering (BIDATA)
Digital Infrastructure and Cyber Security (BDIGSEC)
Electrical Engineering (BIELEKTRO)
Logistics Management (BLOG)
Programming (BPROG)
Recommended previous knowledge
None.
Required previous knowledge
None
Course materials
Berg, Terje: Grunnleggende økonomistyring, 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 |
|---|---|---|
| SMF1194F | 7.5 sp | |
| BØA1100 | 7.5 sp | Autumn 2019 |
| AE101108 | 7.5 sp | Autumn 2019 |
| SMF1042 | 7.5 sp | Autumn 2020 |
| SMF1042F | 7.5 sp | Autumn 2020 |
Subject areas
- Economics and Administration
Contact information
Course coordinator
Department with academic responsibility
Department of Industrial Economics and Technology Management
Examination
Examination
Ordinary examination - Autumn 2025
School exam
The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.