Course syllabus adopted 2025-02-04 by Head of Programme (or corresponding).
Overview
- Swedish nameEkonomisk analys
- CodeTEK810
- Credits7.5 Credits
- OwnerTIEPL
- Education cycleFirst-cycle
- Main field of studyIndustrial Engineering and Management
- DepartmentTECHNOLOGY MANAGEMENT AND ECONOMICS
- GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail
Course round 1
- Teaching language Swedish
- Application code 68131
- Open for exchange studentsNo
- Only students with the course round in the programme overview.
Credit distribution
Module | Sp1 | Sp2 | Sp3 | Sp4 | Summer | Not Sp | Examination dates |
|---|---|---|---|---|---|---|---|
| 0125 Examination 7.5 c Grading: TH | 7.5 c |
In programmes
- TIEPL - Industrial Management and Production Engineering, Year 1 (compulsory)
- TSILO - International Logistics, Year 1 (compulsory)
Examiner
Björn Lantz- Professor, Innovation and R&D Management, Technology Management and Economics
Eligibility
General entry requirements for bachelor's level (first cycle)Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.
Specific entry requirements
The same as for the programme that owns the course.Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements above.
Aim
The course aims to introduce students to an analytical approach to managerial economics by applying theoretical models to practical decision-making situations. Particular emphasis is placed on bridging economic analysis and industrial production decisions, using economic tools to optimize resource allocation and enhance production efficiency.Learning outcomes (after completion of the course the student should be able to)
Knowledge and Understanding- Recognize and understand the fundamental terminology of economic analysis.
- Explain and apply basic principles of product costing and pricing.
- Explain and apply basic principles of investment calculations.
- Explain and apply basic principles of linear programming.
- Allocate costs to products from different perspectives and use cost information for optimal pricing.
- Use investment calculations to make economic decisions that directly impact a companys production capacity and efficiency.
- Formulate and solve basic linear programming models to optimize production decisions considering resource constraints and costs.
- Assess the limitations of various calculation models and evaluate their validity.
- Critically analyze and justify the choice of calculation models in different decision-making environments.
- Evaluate economic decisions with regard to sustainable resource use and long-term production capacity.
Content
- Product Costing: Analyze product costs to create decision-making support that enhances pricing and resource utilization.
- Investment Calculations: Evaluate investments with a focus on how economic decisions can strengthen the companys long-term production capacity.
- Linear Programming: Apply optimization models to solve production problems such as resource allocation, product mix, and capacity utilization.
Organisation
The teaching in the course consists of lectures and consultations, as well as mandatory supervision for the course project work.Literature
Lantz, Löfsten och Isaksson, Industriell ekonomi grundläggande ekonomisk analys (current edition, chapters 17), and supplementary materials announced at the start of the course.Examination including compulsory elements
The course is assessed through an individual written examination and a group project focused on practical applications of the economic models included in the course. The course grade is determined by the grade on the written examination.The course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers about disability study support.