Course - Introduction to Managerial Economics and Data Analytics - TLOG1015
Introduction to Managerial Economics and Data Analytics
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.
Recommended previous knowledge
None.
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
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.