Managerial economics 7.5 credits
About the course
This course aims to introduce students to the fundamental principles of managerial economics and provide them with an understanding of how economic concepts can be applied to real-world business decisions. The course includes basic economic concepts related to firm production, cost structures and objectives, as well as an in-dept analysis of firm behavior under competition and monopoly and the implication for societal welfare.
Firms with market power can use the price instrument to pursue their objectives. Different forms of price discrimination, as well as bundling multiple goods into packages and the use of time dependent pricing schemes, are analyzed. An introduction to decision making in oligopoly markets is provided to gain a basic understanding of strategic competitive behavior.
Firms act under incomplete knowledge of future events. As a consequence, firms must make decisions under uncertainty. The analyses of decision making by firms and individuals are extended to include uncertainty. Central concepts related to risk attitude, the consequences of risk-attitude for decision making, and strategies to avoid or eliminate risk, are studied.
While the focus is on intuition and graphical explanations of microeconomic concepts and models, the course also contains mathematical analysis. The goal is to equip students with the tools and strategic thinking skills necessary for effective decision-making in a dynamic business environment.
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Autumn 2025
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Managerial economics
Second admissions round for EU/EEA citizens
Autumn 2025 / Umeå / English / On site
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Starts4 December 2025
Ends18 January 2026
Number of credits7.5 credits
Type of studiesOn site
Study pace100%
Teaching hoursDaytime
Study locationUmeå
LanguageEnglish
Application codeUMU-22213
SelectionResults-National university aptitude test-Academic credits
ApplicationApplication deadline was 15 April 2025. Please note: This second application round is intended only for EU/EEA/Swiss citizens. Submit a late application at Universityadmissions.se.
Application and tuition feesAs a citizen of a country outside the European Union (EU), the European Economic Area (EEA) or Switzerland, you are required to pay application and tuition fees for studies at Umeå University.
Application fee: SEK 900
Tuition fee, first instalment: SEK 12,075
Total fee: SEK 12,075
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How to apply
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Admissions to most programmes and courses typically close after the final application deadline. However, some programmes and courses may still accept late applications if seats are available. These are marked “Open for late application” on universityadmissions.se. Please note that late applications are not guaranteed to be reviewed.
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