course-details-portlet

TLOG1015

Introduction to Managerial Economics and Data Analytics

Credits 7.5
Level Foundation courses, level I
Course start Autumn 2025
Duration 1 semester
Language of instruction Norwegian
Location Trondheim
Examination arrangement School exam

About

About the course

Course content

The course is obligatory in the first semester of the INGLOG study program (Program Basic Course), and consists of two modules: Basic managerial economics (50%), and Basic data analysis (50%).

Module 1: Basic Industrial Economics

  • Introduction to economics, with focus on business economics
  • Analysis of costs, revenue, and profit
  • Financial accounting
  • Product costing
  • Investment analysis
  • Transport economics

Module 2: Basic Data Analysis

  • Introduction to data analysis
  • Descriptive analysis - basic statistics
  • Spreadsheet modeling
  • Applied data analysis for logistics (Inventory management, transportation, material handling, and quality improvement)
  • Effective data reporting and presentation (dashboards)

Learning outcome

Knowledge

By the end of the course, the student will obtain fundamental knowledge about:

  • Economics, business economics, and transport economics
  • financial accounting
  • Cost behavior, cost calculations, and product costing
  • Investment analysis
  • Key concepts in data analysis and their applications in Logistics Engineering;
  • Summarizing and interpreting data using descriptive methods;
  • Spreadsheet modeling and basic statistical analysis;
  • Data visualization and effective presentation of data analysis findings.

Skills

By the end of the course, the student will be able to:

  • Calculate profit-maximizing and cost-minimizing production quantities under monopoly and perfect competition.
  • Conduct investment analyses using the net present value (NPV) method and calculate common depreciation methods.
  • Perform accounting analyses by calculating various profitability-, liquidity-, and solvency-measures.
  • Identify trends, patterns, and outliers in data sets, and use Excel for data manipulation, analysis, and visualization;
  • Create structured spreadsheet models and make data-driven decisions based on quantitative modeling;
  • Visualize and present analytical findings effectively with various types of charts.

General Skills

  • Problem-solving - Understanding, formulating, and solving problems systematically.
  • Critical Thinking - Evaluate, make informed assumptions in analysis, and elaborate on results.
  • Collaboration and Communication - Work effectively in team settings, presenting data and discussing insights.
  • Digital Proficiency - Understand the importance of quantitative analysis and digital tools in creating sustainable solutions.

Learning methods and activities

Lectures and assignments

Compulsory assignments

  • Exercise

Further on evaluation

6 exercises. At least 5 must be passed to sit for the exam.

Compulsory activity from previous semesters can be approved by the course coordinator.

The re-sit exam can be changed to an oral exam.

Required previous knowledge

None.

Course materials

To be specified by the start of semester.

Subject areas

  • Engineering

Contact information

Course coordinator

Lecturers

Department with academic responsibility

Department of Industrial Economics and Technology Management

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Date 2025-12-01 Time 15:00 Duration 4 hours Exam system Inspera Assessment
Place and room for 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.

Sluppenvegen 14
Room SL310 blå sone
43 candidates

Re-sit examination - Summer 2026

School exam
Weighting 100/100 Duration 4 hours Exam system Inspera Assessment Place and room Not specified yet.