Valid for: 2021/22
Faculty: Faculty of Engineering, LTH
Decided by: PLED V
Date of Decision: 2021-04-15
Main field: Technology.
Compulsory for: IBYI2, IBYV2
Elective Compulsory for: V3
Language of instruction: The course will be given in Swedish
The aim of the course is to deepen the student's knowledge on economics on the national level. Within the area of public economics, great importance is attached to the mechanism of the determination of prices, regulated markets, and external effects like environmental effects. The aim is furthermore to increase the understanding of how the public economy works as a whole but also how various evaluation methods can be used to find the most efficient investments and measures. Another aim is to increase the knowledge on various financial and organisational solutions of an investment like tendering and contract arrangements.
The teaching form consists of lectures, exercises and a field study with related group assignment. Exercises are carried out individually under the teacher's guide. The exercises are carried out in groups of about 30 students. The field study is conducted in groups with teacher-led feedback on execution and content of the report.
Knowledge and understanding
For a passing grade the student must
Competences and skills
For a passing grade the student must
The course is divided into three blocks:
The base of the first part constitutes of economic theories and
models. The student will learn: how various markets works, e.g.
monopoly, planned economy, market economy, mixed economy; how the
prices are put on various markets; how the sensitivity for price
changes varies and how this in turn affect our financial means of
control; how demand and supply is determined; why certain markets
are regulated; the definition of external effects and how we can
effect them.
In the second block, various prioritising and evaluation models are
discussed. Furthermore, within this block various methods of
valuation are discussed. Examples of practical application of
evaluation methods are given from various areas like the
environmental-, transport- and health care area as well as the
industry.
The third block focus on the cost benefit analysis method and its
application within the transport sector. The student will learn how
to execute and apply a cost benefit analysis. Other issues
discussed are e.g. the use of discount rates and the implication on
long-term environmental effects, and advantages/disadvantages with
the cost benefit analysis. This block also discusses various models
of finance.
Grading scale: TH - (U,3,4,5) - (Fail, Three, Four, Five)
Assessment: Students are examined individually and in groups. Group examination is based on written report from field studies and group discussions. Individual exams consist of a written exam. To pass the course requires approved assignments, report from field studies and group work, active participation in and attendance at the presentation of field study and the related group assignment, pass the exam.
The examiner, in consultation with Disability Support Services, may deviate from the regular form of examination in order to provide a permanently disabled student with a form of examination equivalent to that of a student without a disability.
The number of participants is limited to: No
The course overlaps following course/s: VVB061
Course coordinator: Professor Lena Hiselius, lena.hiselius@tft.lth.se
Examinator: Professor Lena Hiselius, lena.hiselius@tft.lth.se
Course homepage: http://www.tft.lth.se
Further information: The course is offered in Lund.