Course - Practical economics with calculations - AM101020
AM101020 - Practical economics with calculations
About
Examination arrangement
Examination arrangement: Written exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| Written exam | 100/100 | 4 hours | D , HJELPEMIDD |
Course content
- Simple arithmetic, algebra and graphical presentation of economic problems, including simple functions and equations
- Percentage calculation
- Financial key figures
- Calculation basis and selective calculation
- Break-even analysis
- Descriptive statistics
- Simple analysis of variance
- Cross-tabulation analysis/covariance
Learning outcome
Knowledge
The candidate must:
1. be able to use numerical calculations to interpret and solve concrete business financial problems
2. be able to produce and use calculation bases to gain a comprehensive understanding of business economic problems
3. have an understanding of the use of statistics in business economics problems
Skills
The candidate must:
1. be able to calculate on interest rates and financial problems
2. be able to calculate on cost and income functions, and solve simple equations that describe economic relationships
3. be able to analyze and discuss financial break-even problems
4. be able to use calculation techniques to find financial key figures and be able to use these as a basis for financial decisions (contribution margin, gross profit, profit margin, cost methods, contribution methods, etc.)
5. be able to apply simple descriptive statistics, perform simple analysis of variance and cross-tabulation
Competence
The candidate must:
1. be able to use mathematics to find possible solutions to practical economical problems
2. be able to transfer solving techniques for one type of financial problem to another
3. be able to understand simple statistical methods and apply them to economical problems
Learning methods and activities
Pedagogy:
Combined sessions with lectures, arithmetical exercises in groups and briefing/ debriefing in plenary.
This course emphasizes collaborative learning.
Compulsory assignments
- Mandatory assignment
Further on evaluation
Special conditions
Students must be registed for both classes and examination in the same semester.
Mandatory assignments will be specified in the beginning of the semester. Previously approved mandatory assignments are valid in later examination attempts.
Examination aids:
D: No printed or hand-written support material is allowed. A specific basic calculator is allowed. In addition, a basic non-programmable calculator is allowed.
Specific conditions
Admission to a programme of study is required:
Marketing, Innovation and Management (359ML)
Recommended previous knowledge
As for the study program.
Course materials
Will be specified when the semester starts.
No
Version: 1
Credits:
7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: AUTUMN 2024
Language of instruction: Norwegian
Location: Ålesund
- Managerial Economics, Finance and Operations Research
Department with academic responsibility
Department of International Business
Examination
Examination arrangement: Written exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD Written exam 100/100 D , HJELPEMIDD 2024-11-29 09:00 INSPERA
-
Room Building Number of candidates G132 Gnisten/Fagskolen 50 C225 Ankeret/Hovedbygget 14 G133 Gnisten/Fagskolen 25 C218 Ankeret/Hovedbygget 40 C215 Ankeret/Hovedbygget 6 - Spring UTS Written exam 100/100 D , HJELPEMIDD 2025-06-02 09:00 INSPERA
-
Room Building Number of candidates C226 Ankeret/Hovedbygget 4
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"