Industrial Economics (TKKP0950)

Industrial Economics, 4 - 5 cr - TKKP0950

Industrial Economics (TKKP0950-3003), 01.01.2023 – 21.05.2023,
5 cr (TKN20SB, ...) — Face-to-face + -
Language of instruction

Finnish

Timing

01.01.2023 - 21.05.2023

Lecturer(s)

Juha Sipilä

Planned learning activities, teaching methods and guidance

Luokkaopetus. (not translated)

Learning materials and recommended literature

Martinsuo ym. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. Teollisuustalous (not translated)

Working life cooperation

Harjoitustyön voi suorittaa myös yrityksen toimeksiantoon! (not translated)

Campus

Main Campus

Exam dates and re-exam possibilities

Opintojakson päätteeksi. Tutkintosäännön mukaan. (not translated)

Learning assignments and student workload

Oppitunnit n. 50h
Yrityspeli n. 12h
Tehtävät ja harjoitustyö n. 60h (not translated)

Enrollment

01.11.2022 - 05.01.2023
Groups
- TKN20SB
- TKN21SA
- TKN21SB
- TKN20SA
- TKN20SM
Alternative learning methods

- (not translated)

Seats

0 - 100

Degree Programme

Bachelor's Degree Programme in Mechanical Engineering

Mode of delivery

Face-to-face

Unit

School of Technology

You understand the operation and management models of an industrial organization. You know the financial terms. You understand the differences between financial and real processes. You are able to interpret the financial statements and analyze the state of a company by utilizing financial KPI's. You are able to calculate costs and price a product or a service. You understand the basics of investment calculations and the concept of payback period. You have an understanding of the cost effects of asset management.

Knowledge and understanding:
You understand the significance of profitability and financial solidity for a company and their connection to product and project costing.

Multidisciplinary competences:
You are able to utilize economical knowhow in varying situations.

Management, Financial accounting, Management accounting, Business game and Project work.

0-5

(1)
You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You are able to price a product. You know some terminology and part of the other contents of the course.

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Industrial Economics, 4 - 5 cr - TKKP0950

Upcoming implementations