Business Basics (2 cr)

Materials

- Teacher's materials and slides
- 1336/1997 English. Accounting Act. Accessed on 17.5.2023. https://www.finlex.fi/en/laki/kaannokset/1997/en19971336
- Companies and organizations. (N.d.). Suomi.fi website. Accessed on 17.5.2023. https://www.suomi.fi/company

Evaluation scale

0-5

Completion alternatives

You have the right to apply for recognition of your studies if you have prior learning (e.g. university studies completed elsewhere) that can be accredited towards the degree you are currently completing.

The recognition of prior learning is possible in three primary ways: accreditation (replacement or inclusion), recognition of informal learning, and studification. More precise info: JAMK Degree Regulations, section 17.

Further information

The course grade is determined as follows:
- Attendance in lectures/workshops 8%
- Group project 20%
- Individual assignments 22%
- Final exam 50%

Student workload

One credit corresponds to an average of 27 hours of work, which means that the load of two credits is approximately 54 hours.

- Contact lessons / workshops: 1h 45min * 8 = 14 hours
- Individual work and exercises: 37h 45min
- Final exam: 2 hours 15 minutes.

Assessment criteria, satisfactory (1)

Sufficient 1: You know the basic business terminology and the different areas of the company.

Satisfactory 2: You know the basic business terminology and have an understanding of the different areas of the company.

Assessment criteria, good (3)

Good 3: You understand the business as a whole and know the basics of marketing, financial management and management.

Very Good 4: You know and understand the basic business terminology. You have an undestanding of the company's operations, their interrelationships and their importance to the company's business. You are aware of the importance of marketing, financial management and management for a business.

Assessment criteria, excellent (5)

Excellent 5: You master the basic business terminology. You undestand the various aspects of the company's operations, their interrelationships and their importance to the company's business. You are aware of the importance of marketing, financial management and management for a business.

Content scheduling

Weekly lessons / workshops.

Exam schedules

The final exam is on week 43. On first contact, the date, place, and time of the exam are informed. Two exam retakes chances approximately at three-week intervals after the initial one.

Teaching language

en

Teaching methods

This implementation utilizes reverse learning, design thinking, and project-based learning. In addition to independent study, you will work in small groups to generate a business idea (product/service). Together, you will create a business plan and assess the idea's business potential and value to the customer.

You will receive feedback on your performance by attending lectures, workshops, and submitting learning assignments. If needed, you will receive individual guidance during contact sessions.

Your skills will be assessed through submitted assignments, knowledge tests, and a final exam.

Number of ECTS credits allocated

2

Qualifications

-

Content

Marketing Basics
Financial Management
Financial Statements
Leadership and Management

Objective

Understanding the business is essential for every citizen. This course gives you a basic understanding of how business works.

Course competences
Business competence
Learning and information management competence
Entrepreneurship, innovation and working community competence

You know the different areas of business and the relationships between them. You understand the business fundamentals and the importance of planning for the development of the company.