Industrial Economy (5 cr)

Objective

The student understands the importance of entrepreneurship in society and knows the basic concepts of entrepreneurship. The student understands the prerequisites for a profitable business and knows how to prepare simple profitability analyzes and calculations. The student knows the basics of the most important operations of a productive enterprise.

Content

The meaning of business, the basic concepts and operating environment of business, business planning, the basics of business economics and accounting, profitability calculation, the basic functions of a manufacturing company (production, management and sales and marketing), the basics of company law and a simulation exercise of the operation of a manufacturing company.

Materials

Material to be distributed at lectures and in Moodle, as well as a course book.

Evaluation scale

0 - 5

Assessment criteria, excellent (5)

The students are able to use professional concepts with expertise and can apply their professional competence as required in different situations.

Assessment criteria, good (3)

The students are able to use professional concepts fluently and are able to carry out different tasks in various operational environments

Assessment criteria, satisfactory (1)

The students are able to use professional concepts systematically and are able to work on various tasks according to instructions.

Prerequisites

Ei esitietovaatimuksia.