| TPPE24 |
Economic Analysis: Decision- and Financial Methodology, 6 ECTS credits.
/Ekonomisk analys: Besluts- och finansiell metodik/
For:
I
Ii
Mat
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Prel. scheduled
hours: 50
Rec. self-study hours: 110
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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:
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)
Mathematical statistics, Operations Research, Algebra, Calculus, Controlling, 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: Samuelson, W. F. and Marks, S. G. (2010), Managerial Economics, 6th edition, John Wiley And Sons, ISBN-978-0-470-41437-8
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Examination: |
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Written examination
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6 ECTS
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Course language is Swedish.
Department offering the course: IEI.
Director of Studies: Fredrik Persson
Examiner: Ou Tang
Link to the course homepage at the department
Course Syllabus in Swedish
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