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Graduate courses

Departments' graduate courses for PhD-students.


Syllabus for

Academic year
IEK102 - Engineering economics  
Industriell ekonomi
Syllabus adopted 2017-02-03 by Head of Programme (or corresponding)
Owner: TKMAS
4,5 Credits
Grading: TH - Five, Four, Three, Fail
Education cycle: First-cycle
Major subject: Industrial Engineering and Management

Teaching language: Swedish
Open for exchange students: No

Course module   Credit distribution   Examination dates
Sp1 Sp2 Sp3 Sp4 Summer course No Sp
0103 Intermediate test 4,5c Grading: TH   4,5c   08 Jun 2019 pm SB_MU   13 Oct 2018 am M   23 Aug 2019 am M  

In programs



Susanne Kullberg


IEK101   Engineering economics


In order to be eligible for a first cycle course the applicant needs to fulfil the general and specific entry requirements of the programme(s) that has the course included in the study programme.

Course specific prerequisites



In today's dynamic economic environment, effective managerial decision making requires timely and efficient use of information.  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. A subsidiary aim of the course is to sharpen analytical skills so that students will be better able to recognize and solve decision problems in different contexts and for fortcoming Master courses.

In this course, we want to provide an integrated overview of the most important methods in managerial economics and financial statements from the point of view of the manager of the firm. The main theoretical principle of the course is the concept of corporate value. Using this as the central organizing principle, we will cover the following topics:
- Costing and Capital budgeting methods
- Financial statements

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

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

  1. describe the basic concepts of engineering economics
  2. understand and analyse economic performance on different levels within a firm
  3. apply different costing methods
  4. explain when different types of costing methods are suitable


  • Introduction to engineering economics
  • Costing based on variable and fixed costs
  • Costing based on direct and overhead costs
  • Costing based on incremental and non-incremental costs
  • Investments
  • Financial accounting


The course comprises a series of lectures and exercises.


The literature for the course will be announced at the course homepage no later than two weeks before the start of the course.

Examination including compulsory elements

Written examination

Published: Wed 26 Feb 2020.