Industrial Economics (5 cr)

Code: TKKP0950-3003

General information

Enrollment: 01.11.2022 - 05.01.2023
Registration for the implementation has ended.

Timing: 01.01.2023 - 21.05.2023
Implementation has ended.

Number of ECTS credits allocated: 5 cr

Local portion: 5 cr

Mode of delivery: Face-to-face

Unit: School of Technology

Campus: Main Campus

Teaching languages: Finnish

Seats: 0 - 100

Degree programmes: Bachelor's Degree Programme in Mechanical Engineering

Teachers: Juha Sipilä; Harri Tuukkanen

Teacher in charge: Harri Tuukkanen

Groups: TKN20SB
Konetekniikka (AMK); TKN21SA
Konetekniikka (AMK); TKN21SB
Konetekniikka (AMK); TKN20SA
Konetekniikka (AMK); TKN20SM
Konetekniikka

Course: TKKP0950

No reservations found for realization TKKP0950-3003!

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.

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.

Content

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

Materials

Martinsuo ym. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. Teollisuustalous

Teaching methods

Luokkaopetus.

Employer connections

Harjoitustyön voi suorittaa myös yrityksen toimeksiantoon!

Exam schedules

Opintojakson päätteeksi. Tutkintosäännön mukaan.

Completion alternatives

Student workload

Oppitunnit n. 50h
Yrityspeli n. 12h
Tehtävät ja harjoitustyö n. 60h

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.