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Business Economics (ØAS4100)


The course will focus on the following topics:

  • Introductjon to cost accounting, financial accounting and finance
  • Financial ratios used to analyse gearing ratios
  • Financial ratios used to analyse financial performance
  • Cash flow analysis
  • Analysis of financial accounts
  • Cost behavious
  • Product costing
  • Corporate finance
  • Sources of capital and cost of capital
  • Working capital management
  • Customer profitability

Learning Outcomes


The student...

  • has broad knowledge about theories, models and techniques used in accounting
  • is familiar with different systems and how they can be applied in different circumstances 
  • has knowledge on how management control systems are affected by internal and external forces 
  • is familiar with financial accounting and the most common financial reports


The student...

  • can describe how financial accounting, management accounting and corporate finance techniques are applied in modern organizations
  • can present key part of financial accounting reports
  • is able to calculate ratios concerning profitability, liquidity, gearing and efficiency
  • is able to conduct profitability analysis of investment problems
  • can assess cost of capital and required return on investment problems
  • is able to carry out simple valuation of companies
  • is able to use tools from management accounting to assess customer profitability
  • is able to use relevant software

General knowledge

The student...

  • is able to communicate financial data
  • has a comprehensive understanding of business economics


Master of Science in Marketing Management

Master of Leadership

Learning activities

The course will be given as lectures and discussion of problems. 

Student work load

Teaching: 36 hours

Self study: 116 hours

Exam: 48 hours

Total amount of recommended hours: 200 hours

Compulsory assignments

No compulsory activity in this course. 


Exam type: Individual written home examination

Duration: 4 hours

Grading scale: Norwegian grading system using the graded scale A - F where A is the best grade, E is the lowest pass grade and F is fail

Weighting: 100 % of the overall grade

Support materials: All support materials are allowed

Re-sit examination

Resit examination: 4 hours Individual written home examination with new assignment.