Industrial Economics (5cr)

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

Contact teaching is on the Rajakatu campus. Distance learning and guidance is available in JAMK's e-learning environment and through the Zoom video conference system.

Materials

The study material is in JAMK's e-learning environment. In addition, one of the following books is required as supplementary material.
- Lehtonen, J-M. Tuotantotalous. ISBN 951-0-28104-2 tai 978-951-0-28104-8.
- Uusi-Rauva, E. Kouri, I. Miettinen, A. Haverila, M. 2009. Teollisuustalous. Tampere: Infacts johtamistekniikka. ISBN 978-951-96765-6-2.

Teaching methods

The course is implemented flexibly as a multi-form training, mainly as online studies. So you can study successfully according to your own plan and schedule. With a group and individual guidance, you get support to solve the problems and complete exercises.

The course utilizes digital and interactive tools. E-learning includes e.g. online discussions with a group or teacher, assignments and tests in an e-learning environment to assess and develop your own skills and learning, video lectures and self-study of source material.

E-learning is suitable for self-directed students who are interested in developing their own skills. The wishes of the student group are taken into account in the implementation methods. In addition, as a group of students, there is guidance in an e-learning environment and you can participate in online meetings of your choice. If you wish, you can also make appointments on your own and do learning assignments together, advising and receiving help and tips from other members of the group.

Exam schedules

The deadline for returning assignments is 31.12.2020.
The business game is organized according to the timetable of the study group. You can also participate in another group business day.

Contact the teacher to agree on renewals.

Completion alternatives

The course is evaluated as a process evaluation, including:
  - Tasks and tests of the e-learning environment
  - Independent assignments
  - Business game
  - Lesson activity.

The completion of the course can be constructed in part or in full as a personal study path via studification the activities that are part of your work.

Student workload

Contact teaching is 24 h, of which the Business Game is 8-12 h.
Independent work is 111 h, which includes guidance in the e-learning environment and through the Zoom online working environment.
The total workload and the need of time is 135 h.

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

-