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Economics for Engineers

Code

GBE-ECE1

Version

1.0

Offered by

Global Business Engineering

ECTS

5

Prerequisites

Basic math and working in excel

Main purpose

The main purpose of the course is to enable students to assess and present the financial consequences of a business case concerning investments in capital equipment and/or product / market development.

 

Knowledge

Upon completion of this course, the student will be able to:

  • Read and understand company financial reports
  • Explain how companies make decisions on investments and carry out risk assessments in connection with investment decisions
  • Identify methods for making calculations and assessments of investment proposals
  • Identify different options for raising capital for company investments
  • Explain methods for optimizing companies' use of working capital

Skills

​Upon completion of this course, the student will be able to:

  • Analyze and interpret company financial reports in a communication context.
  • Select and apply methods for making calculations and assessments of companies' investment proposals
  • Select and apply methods for analyzing the risk profile of companies' investment proposals
  • Use methods to measure company financial performance
  • Apply methods that can optimize companies' use of working capital

Competences

Upon completion of this course, the student will be able to:

  • Carry out and present calculations of the return on an investment, perform sensitivity analysis and set up relevant scenarios and probability analysis.
  • Act as a constructive sparring partner for executives' who are responsible for decisions about strategic investments in and financing of capital equipment and or product/market development
  • Evaluate and present the financial consequences of an investment proposal.

Topics

Teaching methods and study activities

​The teaching methods will be a combination of lecturer presentations,  casework and assignments individual or in groups.  

Product:
Hand in of assignments and  case work on investment decisions

Ongoing evaluation and feedback during the course:
Feedback on hand ins.

 

Resources

Edie McLaney
Business Finance – Theory and practice 11th Edition
Cases and relevant articles

Evaluation

Examination

Prerequisites for exam: 
No

Exam type
:
3 hours written exam.
External censor
 
Tools allowed:
All except access to internet.

Re-exam
Same as ordinary exam

Grading criteria

​7-point scale

Additional information

Responsible

Lars Grunnet Jespersen

Valid from

2/1/2023 12:00:00 AM

Course type

Keywords

Financial reporting and ratio analysis. Investment appraisal methods, Risk analysis in relation to investment decisions. Sources of financing. Optimizing of working capital.