Business Economics (5 cr)

Objective

The student understands the connection between real process and monetary process of a company. He or she is able to calculate and forecast the profitability of a company based on information concerning the real process. The student knows the financial statements of a company. He or she will be able to analyze the financial situation of a company based on financial statements and financial ratios.

Content

Financial statements
Financial analysis
Margin calculations
Cost accounting
Investment calculations
Decision making based on economics

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

Students have achieved the course objectives well, even though the knowledge and skills need improvement on some areas. Students are able to define the course concepts and models and are able to justify the analysis. The student is able to apply their knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

Students have achieved the objectives of the course with excellent marks. Students master commendably the course subject area’s concepts and models. Students are able to make justified and fluent analysis and to present concrete development measures. The students are well prepared to apply their knowledge in leisure, study and work situations. Students are able to analyze the business sector expertise and the evolvement of their own expertise.

Assessment criteria, approved/failed

Students have achieved the course objectives fairly. Students will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Qualifications

Introduction to Industrial Management

Objective

The student understands the connection between real process and monetary process of a company. He or she is able to calculate and forecast the profitability of a company based on information concerning the real process. The student knows the financial statements of a company. He or she will be able to analyze the financial situation of a company based on financial statements and financial ratios.

Content

Financial statements
Financial analysis
Margin calculations
Cost accounting
Investment calculations
Decision making based on economics

Qualifications

Introduction to Industrial Management