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Economic Analysis: Economic Theory, 4 credits
Ekonomisk analys: Ekonomisk teori, 4 hp
TPPE98
Main field of study
Industrial Engineering and ManagementCourse level
First cycleCourse type
Programme courseExaminer
Helene LidestamDirector of studies or equivalent
Fredrik PerssonEducation components
Preliminary scheduled hours: 32 hRecommended self-study hours: 75 h
ECV = Elective / Compulsory / Voluntary
Main field of study
Industrial Engineering and ManagementCourse level
First cycleAdvancement level
G2XCourse offered for
- Industrial Engineering and Management - International, M Sc in Engineering
- Mathematics
- Industrial Engineering and Management, M Sc in Engineering
Entry requirements
Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshold requirements for progression within the programme, or corresponding.
Prerequisites
Industrial Economics; Mathematical statistics; Algebra III; Calculus, one variable ; Calculus, several variables; Introduction to OptimizationIntended learning outcomes
Having completed course the student should:
- have knowledge of and be able to give a quantitative description of the basic economic relationships within the firm as well as between the firm and its environment.
- be able to use the most common models for making economic decisions based on given information and different economic aims.
- Be able to formulate, structure and analyse relevant parts of the economic reality, how different players on the market act towards each other and how prices are set under different assumptions of competition.
Course content
Building mathematical models: Formulating and solving mathematical models applied on economic problems, optimization with constraints.
Consumer demand: Estimating consumer demand.
Theory of Producers: Production functions, iso-cost curves, expansion curves, Long-run and short-run problems, pricediscrimination, homogenous production functions.
Market theory: Perfect competition, Monopoly, Monopolistic competition, dopoly, oligopoly, Cournot, Stackelberg and joint optimum solutions.
The course introduces differences between business and economic approach and assumes an economically sustainable perspective.Teaching and working methods
The lectures are mainly concerned with the theoretical foundations of the areas covered. The lessons are devoted to problem solving and discussion. The seminars are devoted to presenting given problems.
The course is offered twice during 2017: Vt1 and Ht2.Examination
UPG1 Hand-in assignments 1 credits U, G TEN2 Written examination 3 credits U, 3, 4, 5 Grades
Four-grade scale, LiU, U, 3, 4, 5Department
Institutionen för ekonomisk och industriell utvecklingDirector of Studies or equivalent
Fredrik PerssonExaminer
Helene LidestamEducation components
Preliminary scheduled hours: 32 h
Recommended self-study hours: 75 hCourse literature
Samuelson, W. F. and Marks, S. G. (2010), Managerial Economics, 6th edition, John Wiley And Sons, ISBN-13 978-0-470-41437-8
| Code | Name | Scope | Grading scale |
|---|---|---|---|
| UPG1 | Hand-in assignments | 1 credits | U, G |
| TEN2 | Written examination | 3 credits | U, 3, 4, 5 |
Regulations (apply to LiU in its entirety)
The university is a government agency whose operations are regulated by legislation and ordinances, which include the Higher Education Act and the Higher Education Ordinance. In addition to legislation and ordinances, operations are subject to several policy documents. The Linköping University rule book collects currently valid decisions of a regulatory nature taken by the university board, the vice-chancellor and faculty/department boards.
LiU’s rule book for education at first-cycle and second-cycle levels is available at http://styrdokument.liu.se/Regelsamling/Innehall/Utbildning_pa_grund-_och_avancerad_niva.
Course literature is preliminary.
Samuelson, W. F. and Marks, S. G. (2010), Managerial Economics, 6th edition, John Wiley And Sons, ISBN-13 978-0-470-41437-8
Note: The course matrix might contain more information in Swedish.
I = Introduce, U = Teach, A = Utilize
| I | U | A | Modules | Comment | ||
|---|---|---|---|---|---|---|
| 1. DISCIPLINARY KNOWLEDGE AND REASONING | ||||||
| 1.1 Knowledge of underlying mathematics and science (G1X level) |
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X
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TEN2
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| 1.2 Fundamental engineering knowledge (G1X level) |
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| 1.3 Further knowledge, methods, and tools in one or several subjects in engineering or natural science (G2X level) |
X
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X
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TEN2
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| 1.4 Advanced knowledge, methods, and tools in one or several subjects in engineering or natural sciences (A1X level) |
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| 1.5 Insight into current research and development work |
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| 2. PERSONAL AND PROFESSIONAL SKILLS AND ATTRIBUTES | ||||||
| 2.1 Analytical reasoning and problem solving |
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X
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X
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TEN2
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| 2.2 Experimentation, investigation, and knowledge discovery |
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| 2.3 System thinking |
X
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X
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X
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| 2.4 Attitudes, thought, and learning |
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X
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| 2.5 Ethics, equity, and other responsibilities |
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| 3. INTERPERSONAL SKILLS: TEAMWORK AND COMMUNICATION | ||||||
| 3.1 Teamwork |
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X
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UPG1
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| 3.2 Communications |
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X
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UPG1
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| 3.3 Communication in foreign languages |
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| 4. CONCEIVING, DESIGNING, IMPLEMENTING AND OPERATING SYSTEMS IN THE ENTERPRISE, SOCIETAL AND ENVIRONMENTAL CONTEXT | ||||||
| 4.1 External, societal, and environmental context |
X
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X
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| 4.2 Enterprise and business context |
X
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| 4.3 Conceiving, system engineering and management |
X
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X
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| 4.4 Designing |
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| 4.5 Implementing |
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| 4.6 Operating |
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| 5. PLANNING, EXECUTION AND PRESENTATION OF RESEARCH DEVELOPMENT PROJECTS WITH RESPECT TO SCIENTIFIC AND SOCIETAL NEEDS AND REQUIREMENTS | ||||||
| 5.1 Societal conditions, including economic, social, and ecological aspects of sustainable development for knowledge development |
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| 5.2 Economic conditions for knowledge development |
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| 5.3 Identification of needs, structuring and planning of research or development projects |
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| 5.4 Execution of research or development projects |
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| 5.5 Presentation and evaluation of research or development projects |
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