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Economic Analysis: Decision- and Financial Methodology, 6 credits
Ekonomisk analys: Besluts- och finansiell metodik, 6 hp
TPPE24
Main field of study
Industrial Engineering and ManagementCourse level
First cycleCourse type
Programme courseExaminer
Ou TangDirector of studies or equivalent
Fredrik PerssonEducation components
Preliminary scheduled hours: 50 hRecommended self-study hours: 110 h
ECV = Elective / Compulsory / Voluntary
Main field of study
Industrial Engineering and ManagementCourse level
First cycleAdvancement level
G2XCourse 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 TheoryIntended 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
| TEN1 | Written examination | 6 credits | U, 3, 4, 5 |
Grades
Four-grade scale, LiU, U, 3, 4, 5Department
Institutionen för ekonomisk och industriell utvecklingDirector of Studies or equivalent
Fredrik PerssonExaminer
Ou TangEducation components
Preliminary scheduled hours: 50 hRecommended 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| Code | Name | Scope | Grading scale |
|---|---|---|---|
| TEN1 | Written examination | 6 credits | U, 3, 4, 5 |
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.
Course literature is preliminary.
Preliminärt: Samuelson, W. F. and Marks, S. G. (2010), Managerial Economics, 6th edition, John Wiley And Sons, ISBN-978-0-470-41437-8
Note: The course matrix might contain more information in Swedish.
I = Introduce, U = Teach, A = Utilize
| I | U | A | Modules | Comment | ||
|---|---|---|---|---|---|---|
| 1. DISCIPLINARY KNOWLEDGE AND REASONING | ||||||
| 1.1 Knowledge of underlying mathematics and science (G1X level) |
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X
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| 1.2 Fundamental engineering knowledge (G1X level) |
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| 1.3 Further knowledge, methods, and tools in one or several subjects in engineering or natural science (G2X level) |
X
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X
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| 1.4 Advanced knowledge, methods, and tools in one or several subjects in engineering or natural sciences (A1X level) |
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| 1.5 Insight into current research and development work |
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| 2. PERSONAL AND PROFESSIONAL SKILLS AND ATTRIBUTES | ||||||
| 2.1 Analytical reasoning and problem solving |
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X
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| 2.2 Experimentation, investigation, and knowledge discovery |
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| 2.3 System thinking |
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X
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| 2.4 Attitudes, thought, and learning |
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X
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| 2.5 Ethics, equity, and other responsibilities |
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| 3. INTERPERSONAL SKILLS: TEAMWORK AND COMMUNICATION | ||||||
| 3.1 Teamwork |
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X
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| 3.2 Communications |
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| 3.3 Communication in foreign languages |
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| 4. CONCEIVING, DESIGNING, IMPLEMENTING AND OPERATING SYSTEMS IN THE ENTERPRISE, SOCIETAL AND ENVIRONMENTAL CONTEXT | ||||||
| 4.1 External, societal, and environmental context |
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| 4.2 Enterprise and business context |
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| 4.3 Conceiving, system engineering and management |
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| 4.4 Designing |
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| 4.5 Implementing |
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| 4.6 Operating |
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| 5. PLANNING, EXECUTION AND PRESENTATION OF RESEARCH DEVELOPMENT PROJECTS WITH RESPECT TO SCIENTIFIC AND SOCIETAL NEEDS AND REQUIREMENTS | ||||||
| 5.1 Societal conditions, including economic, social, and ecological aspects of sustainable development for knowledge development |
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| 5.2 Economic conditions for knowledge development |
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| 5.3 Identification of needs, structuring and planning of research or development projects |
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| 5.4 Execution of research or development projects |
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| 5.5 Presentation and evaluation of research or development projects |
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