Programme Curriculum for Master of Science in Management

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1 Programme Curriculum for Master of Science in Management 1. Identification Name of programme Master of Science in Management Scope of programme 60 ECTS Level Master level Programme code EAGMA Decision details Board of the School of Economics and Management, Amendment details Programme description As firms and public agencies recruit managers, they often look for dynamic people that have both specialist knowledge and a generalist management competence. The aim of the programme is to prepare the student for a career as a manager in an occupation related to her/his undergraduate specialty. The Master of Science in Management programme aims to broaden the student s specialist knowledge from undergraduate studies in four management dimensions. First, the student will learn about the context of management and questions such as: How can the economy be understood and analyzed? What are the general developments, the new general trends and challenges? The student will, for example, learn about how globalization, digitalization, environmental and ethical concerns affect management. Second, the student will learn about important management functions of private firms and public administrations. What are the key concepts, theories and tools for understanding different areas of management? The student will learn to understand the fundamentals of marketing, organization and strategy, as well as management accounting and finance. Third, the student will learn about managing individuals and groups. How can individual behavior be understood? The students will develop their understanding on their own motivations and behavior as well as others. How can group dynamics be analyzed and influenced? Students learn about how groups and how management styles influence group performance. Fourth, the student will conduct a degree project and develop knowledge on how to relate a management perspective to business challenges in her/his field of undergraduate specialization. This part includes learning about methodological approaches and the writing of an academic thesis. The programme is cross-disciplinary. A substantial part of the programme is based on Strategy, Marketing, Organization, Managerial Accounting and Finance. Other parts contain elements of Economics, Economic History, Business Law, Sociology and Psychology. Teaching is based on a participative learning approach and a rich variety of teaching methods are used, including lectures, 1

2 case studies and seminar discussions. During the studies the student continuously is encouraged to reflect, apply and relate new knowledge to her/hos field of specialty. Career opportunities This programme will provide knowledge and experiences that will prepare them for future management positions. Students are expected have a strong interest in management but are expected to be early in their careers. They have not yet acquired substantial managerial experiences. Connections to further studies Given that other requirements are fulfilled, students may be qualified to apply to studies at other specialized master programmes at Lund University School of Economics and Management. 3. Learning outcomes This master programme provides students a range of valuable skills, knowledge and insights that prepares them for a career as managers. Learning outcomes refer to what a student will be able to know or do at the end of the programme. The learning outcomes within this programme are described below. These learning outcomes will be particularly useful for students aiming at pursuing a managerial career in businesses or public agencies. In addition the programme will provide valuable knowledge and skills useful in starting new ventures and in business consulting. In accordance with the Higher Education Ordinance, a Master of Science (60 credits) is awarded to students who at the completion of the programme accomplish the following: Knowledge and understanding - demonstrate knowledge and understanding of different aspects of management and the role of management in business and society, - demonstrate knowledge and understanding of the context of management, including economics and societal challenges. - demonstrate knowledge and understanding of the functions of management, including organization theory, marketing, strategy, management accounting and finance. - demonstrate knowledge and understanding of managing personal and interpersonal behavior, including theories on decision making, human behaviour and motivation as well as group interaction and group dynamics. - demonstrate specialised methodological knowledge in the field of management. Competence and skills - demonstrate the ability to identify and develop business opportunities to meet societal challenges and to integrate these opportunities to the subject of undergraduate studies. - demonstrate the ability to integrate perspectives on management functions, i.e. organizational, strategic and financial perspectives on a firm. - demonstrate the ability to critically examine and compile information into a business plan. - demonstrate the ability to apply methods of analysing analyse personal motivation and behaviour patterns. - demonstrate the ability to integrate knowledge and analyse, assess and deal with complex phenomena, issues and situations even with limited information - demonstrate the ability to manage and work in multicultural teams. - demonstrate the ability in speech and writing to report clearly and discuss his or her conclusions and the knowledge and arguments on which they are based in dialogue with different audiences; - demonstrate the ability to identify and formulate a management problem of relevance to the student s undergraduate studies and, by using appropriate methods, undertake advanced tasks within 2

3 predetermined time frames; - demonstrate the skills required for participation in research and development work or employment in some other qualified capacity. Judgement and approach - demonstrate the ability to make assessments within management, informed by relevant disciplinary, social and ethical issues and also to demonstrate awareness of ethical aspects of research and development work; - demonstrate an understanding of the role of management for societal development and economic growth; - demonstrate insight into the possibilities and limitations of research, its role in society and the responsibility of the individual for how it is used; and - demonstrate the ability to identify the personal need for further knowledge and take responsibility for his or her on-going learning. Independent project (degree project) For a Master of Science (60 credits) students must have completed an independent project (degree project) worth at least 15 higher education credits in Management, within the framework of the course requirements. 4. Course information This one-year master comprises 60 ECTS credits. The year is divided into two semesters and each semester is divided into two study periods. The four study periods of the programme comprise courses of 15 ECTS credits, equal to approximately ten weeks of full time studies. The courses are studied in a sequential order, and in addition seminars and case discussions that relate to the overall theme of the programme are run in parallel (Reflection and Preparation). Key insights from previous courses are brought up to discussion and interpretation, current issues are discussed and preparations are made for coming course assignments (i.e. the final degree project). The programme is organised around study weeks. Learning activities for the courses of the period is scheduled during Monday to Thursday, whereas Fridays are kept for Reflection and Preparation. The course structure is illustrated below. Period 1 Sept-Oct Period 2 Nov-Dec Period 3 Jan-March Period 4 April-June Five courses Five courses Five courses Degree Project (Monday-Thursday/week) (Monday-Thursday/week) (Monday-Thursday/week) (Monday-Thursday/week) Global Context of Functions of Managing Individuals Degree Project: Management (15 ECTS) Management (15 ECTS) and Groups (15 ECTS) Management Challenges (15 ECTS) Reflection and preparation Reflection and Preparation Reflection and Preparation Reflection and Preparation The course structure can be illustrated by an example: The second study period comprises ten weeks during which the student study five courses related to Functions of Management. The courses are Marketing, Organization, Strategy, Managerial Accounting and Finance. Each course equals 3 ECTS credits. During this study period a course is studied two weeks, Monday to Thursday. On Fridays students shift focus and discuss other issues connected to other courses in the programme. One Friday the topic is How to Write a Thesis which prepare for the dissertation to be written in study period 4. Another Friday the topic is Current climate change negotiations which connects to a course that was 3

4 studied in Period 1. A third Friday the students participate in an experiment based on research on how individuals make decisions which prepare for a course in Period 3. The structure provides students with continuous variety. Early in the programme, Friday seminars provide a pre-understanding of topics to be studied later. Later in the programme it provides opportunities to reflect and repeat topics studied earlier in the programme. The structure also brings increased flexibility to the programme subjects can be introduced on demand and it is possible to introduce seminars connected to current events, news in media, new research, guests visiting Lund, etc. The following courses are included in the programme. Study period 1. The Global Context of Management (15 ECTS) The courses during study period 1 provide students with concepts and theories for analyzing the larger context of management. The courses relate to the subjects of economic history, economics and law and discuss current global challenges and trends. Students will be able to influence the choice of topics discussed and relate to her/his field of specialty. Courses: o MGTN21 Historical perspectives on the world economy, 3 ECTS o MGTN22 Institutions of market economies and market characteristics, 3 ECTS o MGTN23 The global economy and international macroeconomic balances, 3 ECTS o MGTN24 Digitalization, new innovations and industrial trends, 3 ECTS o MGTN25 Global challenges of sustainability and development, 3 ECTS Study period 2. Functions of Management (15 ECTS) The courses during study period 2 provide students with a fundamental understanding of the management functions of private firms and public administrations. Students learn key concepts, theories and tools for analyzing the different areas of management. Courses: o MGTN31 Marketing Management in consumer and industrial markets, 3 ECTS o MGTN32 Organization, coordination and design, 3 ECTS o MGTN33 Management accounting and corporate finance, 3 ECTS o MGTN34 Strategic positioning and the strategy process, 3 ECTS o MGTN35 Innovation and entrepreneurship, 3 ECTS Study period 3. Managing individuals and groups (15 ECTS) The courses during study period 3 provide students with knowledge of how individuals think and act and of how groups form and work. The course will give students opportunities to reflect on their own personalities and how they function in groups, and put them into a management perspective. Courses: o MGTN41 Human cognition and decision making, 3 ECTS o MGTN42 Moral competence, 3 ECTS o MGTN43 Multinational teams and culture, 3 ECTS o MGTN44 Management roles and the dynamics of groups, 3 ECTS o MGTN45 Leadership, learning and change, 3 ECTS Study period 4. Degree project Management Challenges (15 ECTS) The course during study period 4 develops the analytical and reflective skills of the students, by their independent project (degree project). The degree project covers a management theme and relate to earlier parts of the programme. 4

5 Course: o MGTN59 Degree project Management Challenges, 15 ECTS Key areas: Academic writing Defining a management challenge Designing a scientific investigation Methodological considerations Analyzing results by applying management theory 5. Degree Upon successful completion of the programme a Master of Science (60 credits) will be awarded in compliance with the National Higher Education Ordinance (SFS 2006:1053). Major will be in Management. In Swedish the degree will be: Filosofie magisterexamen, huvudområde Management 6. Admission requirements and selection criteria The programme is developed for students that recently have finished their undergraduate studies in another academic subject than Business Administration and/or Management. The students are, for example, graduates from other fields of the Social Sciences, the Humanities, Law, Engineering, Medicine or the Natural Sciences. As the students proceed in their fields of specialization the will encounter management challenges and opportunities for management responsibilities. a. An undergraduate degree (BA/BSc) of at least three years, 180 ECTS credits. b. A good command of English language both spoken and written, equivalent to English course B (advanced level) in the Swedish secondary system. Equivalence assessments will be made according to national guidelines. The regulations in the general requirements concerning knowledge of the Swedish language are not applicable for international applicants. Selection criteria Selection will be based on the statement of purpose. 7. Other information Courses at the School of Economics and Management are graded according to the criterion-referenced principal grades A-U. A is the highest grade and U means a failed result. GRADE POINTS (% CHARACTERISTIC out of maximum) A Excellent A distinguished result that is excellent with regard to the following aspects theoretical depth, practical relevance, analytical ability and independent thought. B Very good A very good result with regard to the above mentioned aspects. C Good The result is of a good standard with regard to the above mentioned aspects and lives up to expectations. D Satisfactory The result is of a satisfactory standard with regard to the above 5

6 mentioned aspects and lives up to expectations. E Sufficient The result satisfies the minimum requirements with regard to the above mentioned aspects, but not more. U Fail 0-49 The result does not meet the minimum requirements with regard to the above mentioned aspects. Disciplinary actions against plagiarism The University views plagiarism very seriously, and will take disciplinary actions against students for any kind of attempted malpractice in examinations and assessments. The penalty that may be imposed for this, and other unfair practice in examinations or assessments, includes suspension from the University. 6

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