Course syllabus for Introduction to industrial engineering and management

Course syllabus adopted 2026-02-23 by Head of Programme (or corresponding).

Overview

  • Swedish nameIntroduktion till industriell ekonomi
  • CodeTEK928
  • Credits7.5 Credits
  • OwnerTKIEK
  • Education cycleFirst-cycle
  • Main field of studyIndustrial Engineering and Management
  • ThemeMTS 3 c
  • DepartmentTECHNOLOGY MANAGEMENT AND ECONOMICS
  • GradingTH - Pass with distinction (5), Pass with credit (4), Pass (3), Fail

Course round 1

  • Teaching language English
  • Application code 51138
  • Open for exchange studentsNo

Credit distribution

0126 Examination 7.5 c
Grading: TH		7.5 c

In programmes

Examiner

Eligibility

General entry requirements for bachelor's level (first cycle)
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements

Specific entry requirements

The same as for the programme that owns the course
Applicants enrolled in a programme at Chalmers where the course is included in the study programme are exempted from fulfilling the requirements

Aim

The course provides students with a comprehensive understanding of economic principles and their application in decision-making at both microeconomic and macroeconomic levels. Students will explore how individuals, firms, and governments allocate resources, interact in markets, and respond to economic challenges.

Learning outcomes (after completion of the course the student should be able to)

Knowledge and Understanding
By the end of the course, students will be able to:
• Define key economic concepts including comparative advantage, elasticity, demand, supply, equilibrium, inflation, and unemployment.
• Describe how economic agents make decisions within an economic environment.
• Explain how different types of markets work and how they respond to changes in economic conditions and to changes in monetary and fiscal policies.

Competence and Skills
Students will develop the ability to:
• Apply microeconomic and macroeconomic models to analyze real-world scenarios.
• Calculate equilibrium prices, quantities, and profits across different market settings.
• Analyze the effects of policy interventions on markets and aggregate economic performance.

Judgement and Approach
Upon completion, students will be able to:
• Evaluate the efficiency and equity implications of different market structures and government policies.
• Assess and critique the effectiveness of monetary and fiscal policies in stabilizing economies.
• Formulate reasoned arguments on contemporary economic issues such as globalization, antitrust regulation, and sustainability.
• Integrate ethical and societal considerations into economic decision-making and policy analysis.

Content

The course covers foundational concepts in both microeconomics and macroeconomics, including:

Microeconomics:
Comparative Advantage, Managerial Economics, Demand, Supply and Equilibrium, Elasticity, Consumer Choice, Production and Costs, Market Structures (Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly), Game Theory, Externalities, Public Goods, Labor Markets, Economics of Information, Business Strategy.

• Macroeconomics:
Economic Growth, Unemployment, Inflation, Aggregate Demand/Aggregate Supply Model, Keynesian and Neoclassical Perspectives, Money and Banking, Monetary Policy, Exchange Rates and International Capital Flows, Government Budgets and Fiscal Policy, International Trade.

Organisation

Lectures and exercises

Literature

Course literature will be listed on the course website at least two weeks prior to the start of the course.

Examination including compulsory elements

Written exam.

The course examiner may assess individual students in other ways than what is stated above if there are special reasons for doing so, for example if a student has a decision from Chalmers about disability study support.

Introduction to industrial engineering and management | Chalmers