| TPPE98 |
Economic Analysis: Economic Theory, 4 ECTS credits.
/Ekonomisk analys: Ekonomisk teori/
For:
I
Ii
Mat
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Prel. scheduled
hours: 32
Rec. self-study hours: 75
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Area of Education: Technology
Main field of studies: Industrial Engineering and Management
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Advancement level
(G1, G2, A): G2
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Aim:
Having completed course the student should:
- have knowledge of and be able to give a quantitative description of the basic economic relationships within the firm as well as between the firm and its environment.
- be able to use the most common models for making economic decisions based on given information and different economic aims.
- Be able to formulate, structure and analyse relevant parts of the economic reality, how different players on the market act towards each other and how prices are set under different assumptions of competition.
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Prerequisites: (valid for students admitted to programmes within which the course is offered)
Industrial Economics; Mathematical statistics; Algebra III; Calculus, one variable ; Calculus, several variables; Introduction to Optimization
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 mainly concerned with the theoretical foundations of the areas covered. The lessons are devoted to problem solving and discussion. The seminars are devoted to presenting given problems.
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Course contents:
Building mathematical models:
Formulating and solving mathematical models applied on economic problems, optimization with constraints.
Consumer demand: Estimating consumer demand.
Theory of Producers: Production functions, iso-cost curves, expansion curves, Long-run and short-run problems, pricediscrimination, homogenous production functions.
Market theory: Perfect competition, Monopoly, Monopolistic competition, dopoly, oligopoly, Cournot, Stackelberg and joint optimum solutions.
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Course literature:
Samuelson, W. F. and Marks, S. G. (2006), Managerial Economics, John Wiley And Sons
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Examination: |
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Written examination
Hand in assignments
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3 ECTS
1 ECTS
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Course language is Swedish.
Department offering the course: IEI.
Director of Studies: Fredrik Persson
Examiner: Helene Lidestam
Link to the course homepage at the department
Course Syllabus in Swedish
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