Industrial Economics and Organisation, 6 credits

Industriell ekonomi och organisation, 6 hp

TEAE04

Main field of study

Industrial Engineering and Management

Course level

First cycle

Course type

Programme course

Examiner

Tomas Nord

Director of studies or equivalent

Johan Holtström

Education components

Preliminary scheduled hours: 42 h
Recommended self-study hours: 118 h
ECV = Elective / Compulsory / Voluntary
Course offered for Semester Period Timetable module Language Campus ECV
6CDPU Design and Product Development 4 (Spring 2017) 2 2 Swedish Linköping C
6CEMM Energy-Environment-Management M Sc in Engineering 2 (Spring 2017) 1 2 Swedish Linköping C
6CMMM Mechanical Engineering, M Sc in Engineering 2 (Spring 2017) 1 2 Swedish Linköping C

Main field of study

Industrial Engineering and Management

Course level

First cycle

Advancement level

G1X

Course offered for

  • Design and Product Development
  • Energy-Environment-Management M Sc in Engineering
  • Mechanical Engineering, 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.

Intended learning outcomes

The course aims to give the students a holistic view of how companies operate and are governed and how companies can be organized. 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

Course content

How to start and run a business, organization, 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 cases in which the student will be able to apply their skills in reality-based case. The course runs over the entire spring semester.

Examination

TEN1Written examination3 creditsU, 3, 4, 5
PRA1Group assignments2 creditsU, G
LAB1Computer laboratory work1 creditsU, G

Grades

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

Department

Institutionen för ekonomisk och industriell utveckling

Director of Studies or equivalent

Johan Holtström

Examiner

Tomas Nord

Course website and other links

Education components

Preliminary scheduled hours: 42 h
Recommended self-study hours: 118 h

Course literature

Holmström, N.: Företagsekonomi – från begrepp till beslut, Bonnier utbildning, senaste utgåvan, eller liknande bok
Code Name Scope Grading scale
TEN1 Written examination 3 credits U, 3, 4, 5
PRA1 Group assignments 2 credits U, G
LAB1 Computer laboratory work 1 credits U, G

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. 

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

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

I = Introduce, U = Teach, A = Utilize
I U A Modules Comment
1. DISCIPLINARY KNOWLEDGE AND REASONING
1.1 Knowledge of underlying mathematics and science (G1X level)
X

                            
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

                            
2.2 Experimentation, investigation, and knowledge discovery
X

                            
2.3 System thinking
X
X

                            
2.4 Attitudes, thought, and learning
X
X

                            
2.5 Ethics, equity, and other responsibilities
X

                            
3. INTERPERSONAL SKILLS: TEAMWORK AND COMMUNICATION
3.1 Teamwork
X
X

                            
3.2 Communications
X
X

                            
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

                            
4.2 Enterprise and business context
X
X

                            
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

                            
5.2 Economic conditions for knowledge development
X
X

                            
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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