BEC-30306 Advanced Business Economics

Course

Credits 6.00

Language of instruction:

English

Assumed knowledge on:

Statistics/Econometrics/Optimisation Methods; BEC-22806 Accounting in combination with BEC-20806 Financial Management in Agriculture or BEC 22306 Corporate Financial Management; or BEC-51806 Agricultural Business Economics; or BEC52306 Financial Business Management.

Continuation courses:

Thesis Business Economics

Contents:

Decision making, planning and evaluation are key concepts in business economics. This course focuses on quantitative methods that are used in decision making, planning and evaluation such as mathematical programming, modelling/simulation with risk, performance analysis and price transmission analysis. Also, due attention is paid to concepts of risk management from the business and supply chain perspective. This course prepares for doing a thesis in Business Economics .

Learning outcomes:

After successful completion of this course students are expected to be able to:
- to formulate decision making problems in a business and in a supply chain context;
- to critically evaluate quantitative methods used in business economics research like regression analysis, data envelopment analysis, Monte Carlo simulation and mathematical programming techniques;
- to select and apply the appropriate method(s) for analyzing different business economic problems;
- to interpret and critically assess outcomes of quantitative methods in business economics literature.

Activities:

Students attend lectures and participate in the tutorials and a business case. During tutorials, groups of students discuss and present scientific articles. Furthermore, groups of students make exercises during computer practicals. Students work individually on a short paper (research proposal).

Examination:

The final grade is based on the business case (10%), assignments from practicals (10%), written and discussed stakeholder visions related to scientific articles (10%), an individual paper (20%) and a written exam in which lecture notes, practical knowledge and literature will be assessed (50%). All items should provide a grade of 5.0 as a minimum, while the joint mark should not be lower than 5.5.

Literature:

Articles, cases and background information are provided during the course.