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

Rajakatu campus

Materials

Lecturing materials and supporting materials:

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

This course includes lectures, rehearsal calculations in the class and calculations as homework. The assignments are to be seen in the course workspace. All assignments are either independent or group work (as described in course workspace) and due dates are confirmed as the course progresses.

ATTENTION! According to JAMK’s instructions, every student participating in the course must submit the first course assignment within three weeks of the start of the course. If the assignment is not submitted within this schedule, the student in question will be removed from the course.

Exam schedules

There is an exam and it will be held in the end of the course.

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