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Graduate courses

Departments' graduate courses for PhD-students.


Syllabus for

Academic year
IEK415 - Managerial economics
Syllabus adopted 2008-02-26 by Head of Programme (or corresponding)
Owner: TKELT
7,5 Credits
Grading: TH - Five, Four, Three, Not passed
Education cycle: First-cycle

Teaching language: Swedish

Course module   Credit distribution   Examination dates
Sp1 Sp2 Sp3 Sp4 No Sp
0198 Examination 4,5 c Grading: TH   4,5 c   12 Mar 2009 pm V,  16 Jan 2009 am V,  25 Aug 2009 pm V
0298 Project 3,0 c Grading: TH   3,0 c    

In programs



Professor  Hans Löfsten

Course evaluation:


For single subject courses within Chalmers programmes the same eligibility requirements apply, as to the programme(s) that the course is part of.


The aim of this course is to provide students with a basic understanding of the economic decisions and analytical tools that can be used in decision making problems.

Learning outcomes (after completion of the course the student should be able to)

At the end of this course, students should be able to:

- Cost analysis - cost behaviour and cost estimation
- Decision making with relevance costs and a strategic emphasis
- Use cost and management accounting information for planning, decision-making and control, given the appropriate context.
- Understanding of cost behavior patterns
- To describe and explain the field of financial statements as well as the common methods in financial reporting. How can we make financial accounting information useful for decision making in organizations?
- Learn the concepts and techniques related to the provision and analysis of financial information. Discover how this information is applied to the strategic direction of an organization's products and services.


The course starts with costing. The basic costing methods of conventional costing were designed around the turn of the century. Recently years doubts have been proposed about the suitability of these costing methods and cost management may, in certain situations, be hindered by difficulties of identifying cost relationships and cost structures. Accurate and relevant cost information is critical to any organization that hopes to maintain, or improve, its competitive position.

Cost management information is a broad concept and includes information that the manager needs to effectively manage the firm or not-for-profit organization and included both financial information about costs and revenues as well as relevant non financial information about productivity, quality, and other key success factors for the firm. Applying these tools should lead to the continuous reduction of resources used while simultaneously holding or even increasing value.

Longer term corporate finance decisions - generally relating to fixed and capital structure - are referred to as capital investment decisions, i. e. capital budgeting. The decision here will be based on several inter-related criteria. In general, management must "maximize the value of the firm" by investing in projects which are Net Present Value (NPV) positive, when valued using an appropriate discount rate; these projects must also be financed appropriately.

The second part of the course is to examine the case for financial statements. All financial statements are simplified abstractions of the reality they are supposed to represent, since accountants condense the many transactions undertaken by an enterprise during an accounting period and summarize them in a form determined by convention, accounting standards and law. This part introduces the financial reporting system used by business organizations to convey information about their economic affairs. Develops an understanding of the financial reports and what they tell about a business enterprise.


The course comprises a series of lectures on costing methods, investment methods and financial statements as well as a case presentation (financial statements). As a major part, the course comprises a project work in which students work in groups of 4-6 persons.

We have chosen a broad selection to reflect the two themes of the course. This material should be viewed as support for a better understanding of the lectures and should be used as reference material in the project work presentations as well as a basis for the examination (home dissertation).

Written examination in two parts: (1) written exam (4,5 credits) and (2) group case work (3 credits)



J Olsson & P-H Skärvad: Företagsekonomi 100, Liber 2007.
J Möller: Övningar i industriell ekonomi, Liber 2007.


Written exam

Page manager Published: Thu 04 Feb 2021.