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Industrial Economics (5cr)

Code

General information


Enrollment
18.11.2024 - 09.01.2025
Registration for the implementation has ended.
Timing
13.01.2025 - 30.04.2025
Implementation has ended.
Number of ECTS credits allocated
5 cr
Local portion
2 cr
Virtual portion
3 cr
Mode of delivery
Blended learning
Unit
School of Technology
Campus
Main Campus
Teaching languages
Finnish
Seats
20 - 32
Degree programmes
Bachelor's Degree Programme in Mechanical Engineering
Teachers
Petri Vauhkonen
Petrus Syvänperä
Groups
TKN23SM
Konetekniikka (AMK)
Course
TKKP0950

Realization has 4 reservations. Total duration of reservations is 9 h 0 min.

Time Topic Location
Fri 24.01.2025 time 12:30 - 15:00
(2 h 30 min)
Teollisuustalous TKKP0950-3009
R35F306 Oppimistila
Fri 07.03.2025 time 11:30 - 14:00
(2 h 30 min)
Teollisuustalous TKKP0950-3009
R35EP02 Oppimistila
Thu 27.03.2025 time 11:30 - 14:00
(2 h 30 min)
Teollisuustalous TKKP0950-3009
R35F306 Oppimistila
Sat 17.05.2025 time 12:30 - 14:00
(1 h 30 min)
Teollisuustalous TKKP0950-3009/ Koe
R35F306 Oppimistila
Changes to reservations may be possible.

Evaluation scale

0-5

Objective

Purpose:
Basic skills for experts and managers 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 internalize the basics of financial management and learn to prepare financial calculations that support the planning, decision-making, and management of a company's operations.

Content

Accounting principles, profitability and cost calculations, financial impacts of procurement, investment calculations.

Location and time

Spring semester 2025.

Materials

Recommended books, learning environment materials and references used in learning assignments.

Recommended books:
Martinsuo ym. Teollisuustalous kehittyvässä liiketoiminnassa
Seppänen, H. Yrityksen analysointi ja tilinpäätös
Pellinen J. Kustannuslaskenta ja kannattavuusajattelu
Järvenpää, M. Talousohjaus ja kustannuslaskenta
Neilimo, K. Johdon laskentatoimi

Teaching methods

This course is for mechanical engineering students, group code TKN23SM.
Contact lessons at JAMK's main campus, Rajakatu.
Face-to-face learning, group works and individual assignments.

Exam schedules

Exam date will be informed in the beginning of 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

-

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