Economic Analysis: Decision- and Financial Methodology, 6 credits (TPPE24)

Ekonomisk analys: Besluts- och finansiell metodik, 6 hp

Main field of study

Industrial Engineering and Management

Level

First cycle

Course type

Programme course

Examiner

Ou Tang

Director of studies or equivalent

Fredrik Persson
Course offered for Semester Period Timetable module Language Campus VOF
6CIEI Industrial Engineering and Management - International, M Sc in Engineering - German 4 (Spring 2017) 2 3 Swedish Linköping o
6CIEI Industrial Engineering and Management - International, M Sc in Engineering - Spanish 4 (Spring 2017) 2 3 Swedish Linköping o
6CIEI Industrial Engineering and Management - International, M Sc in Engineering - French 4 (Spring 2017) 2 3 Swedish Linköping o
6CIEI Industrial Engineering and Management - International, M Sc in Engineering - Chinese 4 (Spring 2017) 2 3 Swedish Linköping o
6CIEI Industrial Engineering and Management - International, M Sc in Engineering - Japanese 4 (Spring 2017) 2 3 Swedish Linköping o
6KMAT Mathematics (Modelling and Optimization in Economics) 4 (Spring 2017) 2 3 Swedish Linköping v
6KMAT Mathematics 4 (Spring 2017) 2 3 Swedish Linköping v
6CIII Industrial Engineering and Management, M Sc in Engineering 4 (Spring 2017) 2 3 Swedish Linköping o

Main field of study

Industrial Engineering and Management

Course level

First cycle

Advancement level

G2X

Course offered for

  • Industrial Engineering and Management - International, M Sc in Engineering
  • Mathematics
  • Industrial Engineering and Management, M Sc in Engineering

Entry requirements

Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshold requirements for progression within the programme, or corresponding.

Prerequisites

Mathematical statistics, Operations Research, Algebra, Calculus, Controlling, Economic Analysis: Economic Theory

Intended learning outcomes

The course provides the participants with an analytic, systematic and critical approach to economic decision making within various domains. Based on decision theory, the normative models of the course form a coherent approach to managerial rationality. From an open introduction in decision theory, over expected utility theory and game theory, the course advances skills in quantitative economic modelling and analysis to be used in graduate courses in all majors, and for classes in operations research. Particular emphasis is also given to investment analysis in the course.

Course content

Decision analysis:: Modelling decision, man and environment.
Decision Theory: Decisions under uncertainty.
Game Theory: Strategic behavior.
Risk Theory: Expected Utility Theory.
Investment Analysis: Investment Appraisal.

Teaching and working methods

The lectures are devoted to theoretical presentations, introductions to solution approaches and advanced applications. The excercises train applied problem solving using prepared cases. The voluntary computer laboratory gives useful skills in solving real-life investment analysis cases using spreadsheets.

Examination

TEN1Written examinationU, 3, 4, 56 credits

Grades

Four-grade scale, LiU, U, 3, 4, 5

Department

Institutionen för ekonomisk och industriell utveckling

Director of Studies or equivalent

Fredrik Persson

Examiner

Ou Tang

Education components

Preliminary scheduled hours: 50 h
Recommended self-study hours: 110 h

Course literature

Preliminärt: Samuelson, W. F. and Marks, S. G. (2010), Managerial Economics, 6th edition, John Wiley And Sons, ISBN-978-0-470-41437-8
Preliminärt: Samuelson, W. F. and Marks, S. G. (2010), Managerial Economics, 6th edition, John Wiley And Sons, ISBN-978-0-470-41437-8
TEN1 Written examination U, 3, 4, 5 6 credits

Regulations (apply to LiU in its entirety)

The university is a government agency whose operations are regulated by legislation and ordinances, which include the Higher Education Act and the Higher Education Ordinance. In addition to legislation and ordinances, operations are subject to several policy documents. The Linköping University rule book collects currently valid decisions of a regulatory nature taken by the university board, the vice-chancellor and faculty/department boards.

LiU’s rule book for education at first-cycle and second-cycle levels is available at http://styrdokument.liu.se/Regelsamling/Innehall/Utbildning_pa_grund-_och_avancerad_niva. 

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