| TPPE24 | Economic Analysis: Decision- and Financial Methodology, 6 ECTS credits. /Ekonomisk analys: Besluts- och finansiell metodik/ |
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Prel. scheduled
hours: 56 |
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Area of Education: Technology Subject area: Production Economics |
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| Advancement level
(A-D): B
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| Aim: 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. |
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| Prerequisites: (valid for students admitted to programmes within which the course is offered) TAMS 15 Mathematical statistics TAOP 02 Operations Research I TATM 13 Algebra III TATM 35 Calculus I TEIE 09 Controlling I TPPE 27 Economic Analysis: Economic Theory Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshhold requirements for progression within the programme, or corresponding. |
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| Organisation: 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. |
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| Course contents: 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. |
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| Course literature: Preliminary: Grubbström, R W (1977) Besluts och spelteori, Studentlitteratur, Stockholm (utdrag). Grubbström, R W och Lundquist, J E (2005) Investering och finansiering - metodisk och tillämpningar, Academia Adacta. Rasmusen, E (1989) Games and Information Blackwell, New York (utdrag). |
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| Examination: | |||
| Written examination |
4 p |
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Course language is Swedish. Department offering the course: IPE. Director of Studies: Janerik Lundquist Examiner: Ou Tang Link to the course homepage at the department Course Syllabus in Swedish |
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