•   Industrial Economics 5K00DK57-3010 01.01.2022-01.05.2022  5 cr  (21I112B) +-
    Learning outcomes of the course unit
    The student understands the basics of industrial accounting. The student masters the basics of cost accounting, investment calculations and budgeting and is able to apply them in international industrial activities. The student understands the key factors of the financial statements and is able to analyze them.

    The student understands the various functions of industrial activity and their added value (eg Marketing, Product Development, Production, Purchasing, Logistics) and their connection from the point of view of business management and operational activity. Is able to critically and broadly examine and connect the potential of IoT and sustainable development (eg circular economy) to industry
    Course contents
    Management accounting, cost accounting, financial statements and industry investments.
    Marketing, product development, production and purchasing as well as control of operations in industrial environments.
    Iot exploitation in industrial business
    Sustainable development.
    Assessment criteria
    Satisfactory

    The student recognizes the basic concepts and boundary conditions of the industrial economy. The student is aware of the laws governing the subject and performs the given tasks, if necessary assisted.

    Good

    Students are familiar with the laws, concepts and boundary conditions governing industrial economy functions. The student performs independently of the given assignments.

    Excellent

    Students are well-versed in all aspects of industrial economics and are able to apply their skills to a variety of subject areas.

    Name of lecturer(s)

    Sami Kalliokoski

    Recommended or required reading

    Material in Moodle
    Litterature: Uusi-Rauva, Haverila, Kouri, Miettinen: Teollisuustalous 2009

    Planned learning activities and teaching methods

    Online teaching
    Assignment
    Classroom exercises

    Assessment methods and criteria

    Assigments
    Exam
    The general evaluation criterias of TAMK are applied

    Language of instruction

    Finnish

    Timing

    01.01.2022 - 01.05.2022

    Registration

    02.12.2021 - 11.01.2022

    Credits

    5 cr

    Group(s)

    21I112B

    Teacher(s)

    Sami Kalliokoski

    Further information for students

    N.A.

    Unit, in charge

    Mechanical Engineering

    Degree programme(s)

    Degree Programme in Mechanical Engineering

    Office

    TAMK Main Campus

    Evaluation scale

    0-5

    Completion alternatives

    No alternative implementations

    Training and labour cooperation

    N.A.

    Exam schedule

    Group exam

    International connections

    N.A.

    Students use of time and load

    According to TAMK schedule and Moodle timing instruction.
    Online lessons, independent study and group assignments

    Content periodicity

    Details to be reviewed in 1st lesson

    Assessment criteria
    Satisfactory

    The student knows something from topic and is moderately able to interpret and apply the learned knowledge. The student is able moderately to describe how industrial company operates. The student is motivated and takes responsibility to his/her own work.

    Good

    The student knows well the topic and is able to interpret and apply the learned knowledge. The student is able to describe how industrial company operates. The student is motivated and takes responsibility to his/her own work. Everything is done in time and according to instructions.

    Excellent

    The student knows widely from topic and is widely able to interpret and apply the learned knowledge. The student is widely able to describe and justify how industrial company operates. The student is highly motivated and takes responsibility to his/her own work. Everything is done in time and according to instructions.