5029.19 - Engineering Economics
Course number
5029.19
Title
Engineering Economics
ECTS
7.5
Prerequisites
Upper Secondary School with B-level in mathematics.
Purpose
The purpose of this course is to equip students with skills to
analyze and evaluate key economic problems and make
managerial decisions based in theory
Content
The course covers: the company’s annual report – including
income statement, cash flow and balance sheet; budgeting;
financial analysis – including profitability, earnings, capital
adjustment, liquidity and solvency; investment and financing;
price-volume optimization; price elasticity; market structures;
price-sales function; and cost theory.
Learning and teaching approaches
Lectures and Assignments.
Learning outcomes
After completing the course, students should be able to use key
business economic methods to:
- set up accounts with the income statement, cash flow and
balance sheet,
- make budgets and understand the use of budgets as a
management tool,
- analyze a company’s annual report and conduct a financial
analysis, including calculating ratios for profitability, earnings,
capital adjustment, financial position and liquidity, and to do
benchmarking.
- make investment calculations; calculate net present value and
internal rate of return
- carry our sensitivity analyses using parameters such as scrap
value, investment values and net payments,
- understand the most common forms of financing,
- understand the most common forms of competition,
- optimize price, volume and earnings using various assumptions,
such as – one product in one or more markets, with or without
price discrimination.
Assessment method
Written exam in 4 hours. The exam counts 100% of the final
grade. Aids are allowed. The student must submit three
assignments of which at least the two first have to be approved at
the agreed time in order to be registered to the exam.
Examination
External
Marking scale
7-
Bibliography
Erhvervsøkonomi - videregående uddannelser
af Jan Furbo Sørensen, Knud Erik Bang & Bo SundvangISBN13:
9788741275079
Udgivelsesdato:
01-08-2019
Sprog: Dansk
Udgave: 5.
https://www.saxo.com/dk/erhvervsoekonomi-videregaaendeuddannelser_knud-erik-bangjan-furbo-soerensenbosundvang_haeftet_9788741275079
Contact
Hannes Gislason