Industrial EconomicsLaajuus (4 cr)

Objective

The students understand the basics of company economics and the methods used in economy management.

Content

Introduction, strategic management (company planning), marketing, management (personnel management), production (operations management, operations control, production processes) and materials management (purchasing).
Company economy – financial accounting (bookkeeping), managerial accounting (product cost accounting, investment calculations, budgeting).
Company taxation.

Qualifications

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Assessment criteria, satisfactory (1)

Very good (4-5): The student masters the essential knowledge and skills required to get the grade Good (3) and can apply the knowledge acquired in a critical and innovative manner to practice.
Good (3): The student masters the essential knowledge and skills:
- is able to draw up financial statements and evaluate them
- is able to draw up cost estimates
- understands the objectives of the company operations
Satisfactory (1-2): The student is familiar with the basic knowledge and terminology such as the basics of bookkeeping, the basics of product cost accounting, investment calculations, the basics of drawing up financial statements and also different sections of the company operations.

Assessment is based on the exam and assignments.