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Business Economics (5 cr)

Code: LTK6035-3002

General information


Enrollment

01.04.2023 - 15.04.2023

Timing

28.08.2023 - 15.12.2023

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Campus

Wärtsilä Campus Karjalankatu 3

Teaching languages

  • Finnish

Seats

20 - 45

Degree programmes

  • Degree Programme in Mechanical Engineering

Teachers

  • Markku Havu

Teacher in charge

Markku Havu

Groups

  • IKNS21
    Engineer, Mechanics, Full-time Studies, Fall, 2021

Objective

You understand and can apply knowledge of business economics in planning, decision making and your own work in business life. You understands conditions and demands of entrepreneurship. You know how to establish a company and how to make a business plan.

Content

- The basis of national economy
- Internal and external accounting
- Marketing
- Production and processes
- Entrepreneurship, entrepreneurial qualities, business idea and its evaluation, business plan, different stages of establishment, business forms and their characteristics, different funding sources and forms of assistance, evaluation of the profitability of a business idea, business and value added tax and other statutory obligations, protection of rights, options for starting a new business, practical establishment procedures, official permits and notifications

Teaching methods

The student understands and can apply knowledge of business economics in planning, decision making and one's own work in business life. The student understands conditions and demands of entrepreneurship. The student knows how to establish a company and how to make a business plan.

-Internal and external accounting basis.
--profit margin calculation
--product cost accounting
--pricing
--investment calculations
--management ratios
-Business plan
-Business taxation
-Value added tax

Evaluation scale

H-5