Industrial economicsLaajuus (2 cr)
Code: 8C00CC45
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Materials
Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy
Enrollment
22.04.2024 - 08.09.2024
Timing
23.09.2024 - 10.11.2024
Credits
2 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Pekka Lager
Student groups
-
MKONE23Bachelor of Engineering, Mechanical Engineering
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Materials
Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy
Martinsuo, Mäkinen, Suomala ja Lyly-Yrjänäinen 2016 Teollisuustalous kehittyvässä liiketoiminnassa (1. edition or newer), Edita Publishing Oy
Lecturer's material
Teaching methods
The lectures are carried out as remote learning via Teams. At the end of the course, a supervised exam is held in the classroom or alternatively in Exam. At the beginning of the course, an initial test is held, which determines the students' starting level and learning goals.
Learning in classes takes place as group work with the help of the subject, material and guidance provided by the teacher. Learning is deepened with lessons and exercises done at home. Case learning is applied as a teaching method.
Exam schedules
The exam shall take place on the last lesson
Student workload
Estimated workload of a student: app. 54 hours
Online lessons: 15 hours + exam 2 hours
Further information
A part of material and tasks might be in English
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Assessment methods and criteria
The exam and tasks affecting the grade
Assessment criteria, good (3)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, excellent (5)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, approved/failed
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way
Enrollment
22.04.2024 - 15.09.2024
Timing
26.08.2024 - 13.10.2024
Credits
2 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Pekka Lager
Student groups
-
KONE23Bachelor of Engineering, Mechanical Engineering
-
AUTO23
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Materials
Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy
Martinsuo, Mäkinen, Suomala ja Lyly-Yrjänäinen 2016 Teollisuustalous kehittyvässä liiketoiminnassa (1. painos tai uudempi), Edita Publishing Oy
Teaching methods
Teaching is carried out as face-to-face teaching in the classroom. At the end of the course, a supervised exam is organized in the classroom. At the beginning of the course, there is an initial exam, where the students' starting level and learning goals are determined.
Learning in classes takes place as group work with the help of the exercises, material and guidance provided by the teacher. Learning is deepened with lessons and exercises done at home. Case learning is applied as a teaching method
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Assessment criteria, good (3)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts
Assessment criteria, excellent (5)
The student is able to explain processes of business activities and produce examples and plans
Assessment criteria, approved/failed
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Enrollment
17.04.2023 - 06.09.2023
Timing
02.10.2023 - 19.11.2023
Credits
2 op
Virtual proportion (cr)
1.5 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Pekka Lager
Student groups
-
MKONE22
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Materials
Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy
Martinsuo, Mäkinen, Suomala ja Lyly-Yrjänäinen 2016 Teollisuustalous kehittyvässä liiketoiminnassa (1. edition or newer), Edita Publishing Oy
Lecturer's material
Teaching methods
Online teaching: includes time dependent online teaching
The online teaching application used is Teams
Lessons include theory, exercises and tasks. In addition, independent studying will be required.
Exam schedules
The exam shall take place on the last lesson
Student workload
Estimated workload of a student: app. 54 hours
Online lessons: 15 hours + exam 2 hours
Further information
A part of material and tasks might be in English
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Assessment methods and criteria
The exam and tasks affecting the grade
Enrollment
17.04.2023 - 06.09.2023
Timing
28.08.2023 - 15.10.2023
Credits
2 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Pekka Lager
Student groups
-
AUTO22
-
KONE22
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Materials
Uusi-Rauva, Haverila, Kouri & Miettinen 2009 Teollisuustalous, Infacts johtamistekniikka oy
Martinsuo, Mäkinen, Suomala ja Lyly-Yrjänäinen 2016 Teollisuustalous kehittyvässä liiketoiminnassa (1. edition or newer), Edita Publishing Oy
Lecturer's material
Teaching methods
Classroom teaching:lessons
Lessons include theory, exercises and tasks. In addition, independent studying will be required
Exam schedules
The options to complete the course will be explained at the beginning of the course
An optional exam will take place on the last lesson
Student workload
Estimated workload of a student: app. 54 hours
Classroom lessons: 21 hours
Further information
A part of material and tasks might be in English
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Assessment methods and criteria
The tests and tasks affecting the grade
Enrollment
16.04.2022 - 26.10.2022
Timing
19.09.2022 - 20.11.2022
Credits
2 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Pekka Lager
Student groups
-
TUOTA22Industrial Management
-
MKONE21
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.
Enrollment
16.04.2022 - 07.09.2022
Timing
29.08.2022 - 16.10.2022
Credits
2 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Pasi Junell
- Heikki Rasku
- Pekka Lager
Student groups
-
AUTO21
-
KONE21
Objective
Upon completion of the course, students understand the issues associated with a company's production economics. The student is able to
- define the basic concepts of business operations, different types of business concepts in different fields, operational and revenue generation models
- analyse the meaning and purpose of creating and planning new business
- analyse the meaning and purpose of the different functions of existing business
- produce a business plan at least a theoretical level either individually or in a team
Content
- Productivity, growth, profitability, liquidity and financial solidity
- Fundamental business costs
- Investment calculations, budgeting, key ratios
- Forms and sources of financing
- Materials management
- Fundamentals of marketing
- Quality as part of production and general operations
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
The student is able to identify and define the basic concepts of business competence and examine business activities by means of these concepts.
Assessment criteria, good (3)
The student is able to explain processes of business activities and produce examples and plans.
Assessment criteria, excellent (5)
The student is able to assess and analyse by means of concepts what he/she has learned. The student is able to present and apply process management. The student is able to apply the business competence theories he/she has learned in a goal-oriented and realistic way.