Industrial economics (4 cr)

Evaluation scale

0-5

Objective

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.

Content

Management
Financial accounting
Management accounting
Business game

Materials

Martinsuo ym. 2016 / 2018. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. 2009. Teollisuustalous

Teaching methods

Luokkaopetus. Laskuharjoitukset. Harjoitustyö. Yrityspeli.

Employer connections

Opintojakson harjoitustyön voi suorittaa ulkopuoliselle toimeksiantajalle.

Exam schedules

EXAM-tentti opintojakson päätteeksi. Yhteensä 3 tenttitilaisuutta.

Student workload

Oppitunnit n. 45h
Yrityspeli n. 12h
Tehtävät ja harjoitustyö n. 40h

Assessment criteria, satisfactory (1)

(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.

Assessment criteria, good (3)

(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.

Assessment criteria, excellent (5)

(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.

Further information

Opintojakso toteutetaan yhdessä "TSAE0500-3002 Suunnitteluprojektin talous" -opintojakson kanssa.