Industrial Economics, Basic Course, 6 credits

Industriell ekonomi, grundkurs, 6 hp

TEAE01

Course starting semester

Main field of study

Industrial Engineering and Management

Course level

First cycle

Course type

Programme course

Examiner

Sofi Rehme

Director of studies or equivalent

Johan Holtström

Education components

Preliminary scheduled hours: 135 h
Recommended self-study hours: 25 h

Possible deviation from course syllabus/programme syllabus

ECV = Elective / Compulsory / Voluntary

Course offered for		Semester	Period	Timetable module	Language	Campus	ECV
6KFYN		6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CYYI	Applied Physics and Electrical Engineering - International, M Sc in Engineering	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CYYI	Applied Physics and Electrical Engineering - International, M Sc in Engineering	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CYYI	Applied Physics and Electrical Engineering - International, M Sc in Engineering	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CYYI	Applied Physics and Electrical Engineering - International, M Sc in Engineering	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CYYI	Applied Physics and Electrical Engineering - International, M Sc in Engineering	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CYYY	Applied Physics and Electrical Engineering, M Sc in Engineering	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6IKEA	Chemical Analysis Engineering, B Sc in Engineering	4 (Spring 2017)	2	2	Swedish	Linköping, Valla	C
6KKEB	Chemical Biology	6 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6KKEM	Chemistry	4 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6CEMM	Energy-Environment-Management M Sc in Engineering	2 (Spring 2017)	2	2	Swedish	Linköping, Valla	C
6MPRO	Protein Science, Master's programme (External)	2 (Spring 2017)	2	2	Swedish	Linköping, Valla	E
6MPRO	Protein Science, Master's programme (Internal)	2 (Spring 2017)	2	2	Swedish	Linköping, Valla	E

Main field of study

Industrial Engineering and Management

Course level

First cycle

Advancement level

G1X

Course offered for

Computer Engineering, B Sc in Engineering
Chemical Analysis Engineering, B Sc in Engineering
Mechanical Engineering, B Sc in Engineering
Computer Science and Engineering, M Sc in Engineering
Information Technology, M Sc in Engineering
Chemical Biology, M Sc in Engineering
Biomedical Engineering, M Sc in Engineering
Computer Science and Software Engineering, M Sc in Engineering
Engineering Biology, M Sc in Engineering
Applied Physics and Electrical Engineering - International, M Sc in Engineering
Applied Physics and Electrical Engineering, M Sc in Engineering
Chemical Biology
Engineering Electronics, B Sc in Engineering
Mathematics, Bachelor´s Programme
Protein Science, Master's programme
Chemistry
Energy-Environment-Management M Sc in Engineering

Entry requirements

Note: Admission requirements for non-programme students usually also include admission requirements for the programme and threshold requirements for progression within the programme, or corresponding.

Prerequisites

Calculus, linear algebra

Intended learning outcomes

The course aims to give the students a holistic view of how companies operate and are governed. After the course the students should:

Describe and explain what it takes to start and run a business.

Describe, explain and apply different product and investment calculation methods.

Describe, explain and apply how the budget process works at a company.

Describe and explain the basics of accounting.

Describe, explain and apply an annual report by calculating key financial indicators

Communicate economic-focused information and related analyses.

Course content

How to start and run a business, stakeholders. Cost and revenue concepts. Product profitability and investment calculations, budgeting. Bookkeeping, accounting, reporting and financial analysis.

Teaching and working methods

Lectures give the background to the different areas in the course, which are then analyzed in seminars and labs. The course also includes case in which the student will be able to apply their skills in reality-based Case.

Examination

LAB1	Computer laboratory work	1 credits	U, G
PRA1	Project work	2 credits	U, G
TEN1	Written examination	3 credits	U, 3, 4, 5

Holmström, N.: Företagsekonomi – från begrepp till beslut, Bonnier utbildning,or similar book.

Grades

Four-grade scale, LiU, U, 3, 4, 5

Department

Institutionen för ekonomisk och industriell utveckling

Director of Studies or equivalent

Johan Holtström

Examiner

Sofi Rehme

Course website and other links

http://www.iei.liu.se/indek/utbildning/industriell-ekonomi/teae01?l=sv

Education components

Preliminary scheduled hours: 135 h
Recommended self-study hours: 25 h

Course literature

Holmström, N.: Företagsekonomi – från begrepp till beslut, Bonnier utbildning, senaste utgåvan, eller liknande bok

Code	Name	Scope	Grading scale
LAB1	Computer laboratory work	1 credits	U, G
PRA1	Project work	2 credits	U, G
TEN1	Written examination	3 credits	U, 3, 4, 5

Holmström, N.: Företagsekonomi – från begrepp till beslut, Bonnier utbildning,or similar book.

Regulations (apply to LiU in its entirety)

The university is a government agency whose operations are regulated by legislation and ordinances, which include the Higher Education Act and the Higher Education Ordinance. In addition to legislation and ordinances, operations are subject to several policy documents. The Linköping University rule book collects currently valid decisions of a regulatory nature taken by the university board, the vice-chancellor and faculty/department boards.

LiU’s rule book for education at first-cycle and second-cycle levels is available at http://styrdokument.liu.se/Regelsamling/Innehall/Utbildning_pa_grund-_och_avancerad_niva.

Student rights and obligations (login required)
Linköping University common rules and regulations (in Swedish)

Course literature is preliminary.

Holmström, N.: Företagsekonomi – från begrepp till beslut, Bonnier utbildning, senaste utgåvan, eller liknande bok

Download

Download course literature list as PDF

Note: The course matrix might contain more information in Swedish.

I = Introduce, U = Teach, A = Utilize

		I	U	A	Modules
1. DISCIPLINARY KNOWLEDGE AND REASONING
	1.1 Knowledge of underlying mathematics and science (G1X level)			X	LAB1 TEN1
	1.2 Fundamental engineering knowledge (G1X level)			X
	1.3 Further knowledge, methods, and tools in one or several subjects in engineering or natural science (G2X level)	X
	1.4 Advanced knowledge, methods, and tools in one or several subjects in engineering or natural sciences (A1X level)
	1.5 Insight into current research and development work
2. PERSONAL AND PROFESSIONAL SKILLS AND ATTRIBUTES
	2.1 Analytical reasoning and problem solving		X	X	LAB1 PRA1 TEN1
	2.2 Experimentation, investigation, and knowledge discovery	X
	2.3 System thinking		X	X	LAB1 PRA1 TEN1
	2.4 Attitudes, thought, and learning		X	X	LAB1 TEN1
	2.5 Ethics, equity, and other responsibilities	X
3. INTERPERSONAL SKILLS: TEAMWORK AND COMMUNICATION
	3.1 Teamwork		X	X	PRA1
	3.2 Communications		X	X	PRA1
	3.3 Communication in foreign languages
4. CONCEIVING, DESIGNING, IMPLEMENTING AND OPERATING SYSTEMS IN THE ENTERPRISE, SOCIETAL AND ENVIRONMENTAL CONTEXT
	4.1 External, societal, and environmental context		X	X	PRA1 TEN1
	4.2 Enterprise and business context		X	X	PRA1 TEN1
	4.3 Conceiving, system engineering and management
	4.4 Designing
	4.5 Implementing
	4.6 Operating
5. PLANNING, EXECUTION AND PRESENTATION OF RESEARCH DEVELOPMENT PROJECTS WITH RESPECT TO SCIENTIFIC AND SOCIETAL NEEDS AND REQUIREMENTS
	5.1 Societal conditions, including economic, social, and ecological aspects of sustainable development for knowledge development		X	X	PRA1
	5.2 Economic conditions for knowledge development		X	X	PRA1
	5.3 Identification of needs, structuring and planning of research or development projects	X
	5.4 Execution of research or development projects
	5.5 Presentation and evaluation of research or development projects

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