6 ECTS credits
160 h study time

Offer 2 with catalog number 4009453FNR for all students in the 1st semester at a (F) Master - specialised level.

Semester
1st semester
Enrollment based on exam contract
Impossible
Grading method
Grading (scale from 0 to 20)
Can retake in second session
Yes
Enrollment Requirements
Studenten die dit opleidingsonderdeel opnemen, moeten minstens geslaagd zijn voor ‘Micro-economie’.
Taught in
Dutch
Faculty
Faculty of Social Sciences & SolvayBusinessSchool
Department
Applied economics
Educational team
Marc Jegers (course titular)
Activities and contact hours

20 contact hours Lecture
160 contact hours Independent or External Form of Study
Course Content

Based on microeconomic tools, the following subjects are discussed: why do firms exist, profit maximising firms, managerial theories of the firm, interaction between owners and managers. The most important theoretical issues discussed are profit maximisations, cost minimisation, production functions, Hotelling's and Shephard's lemmas, size maximisation, discretionary behaviour, and implications of principal-agent theorising on different functional management fields.

Course material
Handbook (Required) : Economische Analyse van de Onderneming, Marc Jegers, 3de, VUBPress, 9789057186127, 2017
Additional info

Not applicable

Learning Outcomes

General competencies

Understand the general theories of the firm.

Grading

The final grade is composed based on the following categories:
Written Exam determines 100% of the final mark.

Within the Written Exam category, the following assignments need to be completed:

  • Written Exam with a relative weight of 1 which comprises 100% of the final mark.

    Note: Combination multiple choice and open questions

Additional info regarding evaluation

Not applicable

Allowed unsatisfactory mark
The supplementary Teaching and Examination Regulations of your faculty stipulate whether an allowed unsatisfactory mark for this programme unit is permitted.

Academic context

This offer is part of the following study plans:
Master of Business Engineering: Standaard traject (only offered in Dutch)
Master of Business Economics: Standaard traject (only offered in Dutch)
Master of Teaching in Economics: standaard traject (90 ECTS, Etterbeek) (only offered in Dutch)