course-details-portlet

TIØ4105

Managerial Economics

Credits 7.5
Level Foundation courses, level I
Course start Spring 2021
Duration 1 semester
Language of instruction Norwegian
Location Trondheim
Examination arrangement Home examination

About

About the course

Course content

Core themes in the course are main principles of bookkeeping and accounting with balance sheet and profit and loss statement. Regulations and laws regarding financial accounting are reviewed. Analysing and interpreting financial statements. Management accounting with relevant costs for decision making, cost-volume-profit analysis, cost allocation, full costing versus marginal cost, contribution, activity based costing, pricing and Balanced Scorecard. Budgeting and flexible budgets are shown as a tool for cost control. Investment analysis and valuation. How macroeconomic conditions affects the firm decisions.

Learning outcome

The position and function of the course:
The course is obligatory for students at MTIØT and is positioned in the 3rd semester. The course can also be taken by students at the MIENTRE and MENTRE study programs.

It is designed to give an introduction to concepts and methods within economics, including management accounting and financial accounting.

Knowledge and skills developed in this course:
- Understand how central the accounting system is as a source of information in order to manage companies
- Learn basic concepts such as costs, expenses, incomes and payments
- Learn how to analyse accounting information in order to understand the economic situation of the company
- Learn how to make calculations and budgets
- Learn how to use acounting information as a basis for planning and decision-making activities
- Introduce basic themes within economics, and particularly within the areas of managerial accounting, budgeting and investment analysis.
- Give an introduction to valuation of companies.
- Understand how the macroeconomic environment sets the conditions for the firm

Learning methods and activities

Lectures, assignments and self-studies are main activities. Assignments may be computer based. Assignments are normally in groups of three persons. 8 of 12 assignments must be completed and accepted.

Compulsory assignments

  • Exercises

Further on evaluation

The exam is written but may be changed to oral exam if exam is to be repeated.

Specific conditions

Admission to a programme of study is required:
Entrepreneurship (MENTRE)
Industrial Economics and Technology Management (MTIØT)
NTNU School of Entrepreneurship (MIENTRE)

Course materials

To be announced at beginning of term.

Credit reductions

Course code Reduction From
TIØ4295 7.5 sp
BØA8001 7.5 sp
BØA1100 3.5 sp
BØA2100 1.5 sp
BØA1200 5 sp
BØA2200 5 sp
AE201115 5 sp
This course has academic overlap with the courses in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Technological subjects

Contact information

Course coordinator

Lecturers

Department with academic responsibility

Department of Industrial Economics and Technology Management

Examination

Examination

Examination arrangement: Home examination
Grade: Letters

Ordinary examination - Spring 2021

Home examination (1)
Weighting 100/100 Examination aids Code A Date Release 2021-06-08
Submission 2021-06-08 Time Release 09:00
Submission 13:00 Duration 4 hours Exam system Inspera Assessment
  • Other comments
  • 1) Merk at eksamensform er endret som et smittevernstiltak i den pågående koronasituasjonen. Please note that the exam form has changed as a preventive measure in the ongoing corona situation

Re-sit examination - Summer 2021

Home examination
Weighting 100/100 Examination aids Code A Duration 4 hours Exam system Inspera Assessment

All about examinations at NTNU