Industrial economics (2 cr)
Code: 8C00CC45-3008
General information
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