Logistics Economy (5 cr)

Evaluation scale

0-5

Objective

Purpose:
Basic skills for logistics professionals are to understand fundamentals of economics and business, as well as to have ability to analyze and make wise decisions. On this course you will develop and improve these skills and will get readiness to put your learning outcomes into practice.

Competences:
Business competences, Engineering practice, Communication and team-working

Learning outcomes:
You will get basic knowledge of business economics. You will recognize different economical calculations used for planning and controlling of operations. You will know essential cost factors and pricing principles from transportation and intralogistics service providers perspective.

Content

Accounting principles, profitability and cost calculations, cost factors and pricing principles in the field of transportation and intralogistics services.

Location and time

Spring semester 2023

Materials

According the information described on course description, learning environment materials and references used in learning assignments.

Books:
978-1-4080-9381-8 Management accounting for business
978-0-7494-6627-5 The handbook of logistics and distribution management
978-0749469344 Warehouse management

Teaching methods

Face-to-face learning and distance learning, group works and personal assignments.

Exam schedules

No final exam, instead learning assignments during the course.

Completion alternatives

The admission procedures are described in the degree rule and the study guide. The teacher of the course will give you more information on possible specific course practices.

Student workload

One credit corresponds to an average of 27 hours of work, which means that the load of five credits is approximately 135 hours.

Assessment criteria, satisfactory (1)

Adequate 1:
Student has gained knowledge at all the subjects described in the learning outcomes.

Satisfactory 2:
Student has gained knowledge at all the subjects described in the learning outcomes and is able to gather and interpret relevant data in order to select technical solutions.

Assessment criteria, good (3)

Good 3:
Student has gained knowledge at all the subjects described in the learning outcomes and is able to understand essential fundamentals of economics related to business.

Very good 4:
Student has gained knowledge at all the subjects described in the learning outcomes and is capable to utilize general analyzing methods for decision making. Student can work effectively as an individual and as a member of a team.

Assessment criteria, excellent (5)

Excellent 5:
Student has gained knowledge at all previous levels and is capable to evaluate and reflect personal learning outcomes.

Qualifications

Knowledge of logistics basis