Program Overview

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Course Overview

Course Details

The course code is SMF1194F, and the course name is Managerial Economics. The course is worth 7.5 credits and is a foundation course, level I. It starts in the autumn of 2025 and lasts for one semester. The language of instruction is Norwegian, and the course is located in Gj黲ik.

About the Course

Course Content

The course covers managerial accounting, including:

• Introduction to managerial accounting
• Costs and cost structures
• Cost allocation
• Costing
• Short-term decision making
• Cost-, volume-, profit analysis
• Pricing decisions
• Long-term decisions

Learning Outcome

Knowledge

Students should be able to explain key concepts and methods used for managerial decision-making purposes, including:

• Opportunity cost
• Sunk cost
• Decision-relevant costs
• Contribution margin
• Cash flow
• Present value
• Accruals
• Contribution calculations
• Break-even
• Present value calculations
• The balance equation

Skills

After completing the course, students should be able to:

• Apply acquired knowledge for analyzing and discussing managerial topics
• Distinguish between relevant and irrelevant information
• Communicate analyses performed

General Competence

Students should be able to ask critical questions and reflect on key assumptions within the area. The course contributes to the development of sustainable business models and lays the foundation for satisfying the expectations set by future employers.

Learning Methods and Activities

The course includes streamed lectures, weekly mandatory assignments, and self-study. The main part of the learning is based on the students reading and doing exercises by themselves, with guidance from learning assistants.

Compulsory Assignments

There will be mandatory assignments, which may be given on an individual or group basis. Details regarding the number of assignments, how many must be passed, and details about the different assignments will be given at the course start.

Evaluation

The examination arrangement is a school exam, and the grade is based on letter grades. Supporting material allowed on exams includes an approved calculator in accordance with NTNU's support material code B-D "specific basic calculator" and other specified calculators.

Specific Conditions

Admission to a programme of study is required, including:

• Building Constructions Engineering (BIBYG-F)
• Business Management (B陯LED-F)
• Business Management (霹陯LEDF)

Recommended Previous Knowledge

None.

Required Previous Knowledge

None.

Course Materials

The course materials include:

• Berg, Terje: Grunnleggende 鷦onomistyring, Latest edition
• Lecture notes, mandatory assignments, and other published materials in the learning platform

Credit Reductions

The course has academic overlap with other courses, including:

• SMF1194
• B釷1100
• AE
• SMF1042F If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade.

Subject Areas

• Economics and Administration

Examination

Ordinary Examination - Autumn 2025

The examination arrangement is a school exam, with a weighting of 100/100. Examination aids are allowed in accordance with code C. The exam date and time are specified, and the duration is 4 hours.

Re-sit Examination - Summer 2026

The re-sit examination is also a school exam, with a weighting of 100/100. Examination aids are allowed in accordance with code C. The exam date and time are not specified, and the duration is 4 hours.