Industrial Economics, 10 credits

Industriell ekonomi, 10 hp

TEIE17

Course starting semester

Main field of study

Industrial Engineering and Management

Course level

First cycle

Course type

Programme course

Examiner

Johan Holtström

Director of studies or equivalent

Johan Holtström

Education components

Preliminary scheduled hours: 96 h
Recommended self-study hours: 171 h

Possible deviation from course syllabus/programme syllabus

ECV = Elective / Compulsory / Voluntary

Course offered for		Semester	Period	Timetable module	Language	Campus	ECV
6CIEI	Industrial Engineering and Management - International, M Sc in Engineering - Chinese	1 (Autumn 2017)	1, 2	4, 4	Swedish/English	Linköping, Valla	C
6CIEI	Industrial Engineering and Management - International, M Sc in Engineering - French	1 (Autumn 2017)	1, 2	4, 4	Swedish/English	Linköping, Valla	C
6CIEI	Industrial Engineering and Management - International, M Sc in Engineering - German	1 (Autumn 2017)	1, 2	4, 4	Swedish/English	Linköping, Valla	C
6CIEI	Industrial Engineering and Management - International, M Sc in Engineering - Japanese	1 (Autumn 2017)	1, 2	4, 4	Swedish/English	Linköping, Valla	C
6CIEI	Industrial Engineering and Management - International, M Sc in Engineering - Spanish	1 (Autumn 2017)	1, 2	4, 4	Swedish/English	Linköping, Valla	C
6CIII	Industrial Engineering and Management, M Sc in Engineering	1 (Autumn 2017)	1, 2	4, 4	Swedish/English	Linköping, Valla	C

Main field of study

Industrial Engineering and Management

Course level

First cycle

Advancement level

G1X

Course offered for

Industrial Engineering and Management - International, M Sc in Engineering
Industrial Engineering and 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

Foundation course in Mathematics.

Intended learning outcomes

The course aims to give students basic knowledge and skills to continue with advanced studies in industrial economics and management. The objective of the course is therefore to familiarise the student with business management, and provide skills in calculation, accounting, company analysis, and business communication. The course also contains introduction to IT support, scientific writing, and presentation techniques. More specifically, after the course the student shall be able to:

Interpret, evaluate, and present a company's busines
Apply methods for cost accounting and capital investment budgets
Conduct basic book-keeping and accounting for a smaller firm
Find, critically analyse, understand, and communicate technical and economical information for the industrial firm.
Plan, conduct, and communicate the result of work in a project team.
Choose form and method for oral and written communication in Swedish and English.

Course content

The course gives a general understanding of economics and management, covers internal economical work, book-keeping and accounting and the area of external economic information and gives deeper understanding of financial information. All parts contain laboratory work and other practical work.

Teaching and working methods

The course is organized with a series of lectures, classes, seminars and computer-based laboratory work. Lectures aim at providing a basic knowledge and understanding of the subject industrial economics and management. Guest lecturers from industry participate. Classes give students practical training in understanding and problem-solving. At the computer-based laboratory work the acquired skills are applied to more complex problems. During the course an integrated project work at a real company is conducted. The result of the project is presented and discussed in case seminars.
The course runs over the entire autumn semester.

Examination

LAB2	Laboratory work	2 credits	U, G
PRA3	Project assignment	2 credits	U, G
TEN2	Written examination	6 credits	U, 3, 4, 5

Grades

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

Other information

Supplementary courses:
Production economics, Economic analysis and theory, Economic control, Corporate planning

Department

Institutionen för ekonomisk och industriell utveckling

Director of Studies or equivalent

Johan Holtström

Examiner

Johan Holtström

Course website and other links

http://www.iei.liu.se/indek/utbildning/industriell-ekonomi/teie17?l=sv

Education components

Preliminary scheduled hours: 96 h
Recommended self-study hours: 171 h

Course literature

Additional literature

Books

Holmström, N, Företagsekonomi – från begrepp till beslut senaste utgåvan

Code	Name	Scope	Grading scale
LAB2	Laboratory work	2 credits	U, G
PRA3	Project assignment	2 credits	U, G
TEN2	Written examination	6 credits	U, 3, 4, 5

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)

Additional literature

Books

Holmström, N, Företagsekonomi – från begrepp till beslut senaste utgåvan

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)
	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	LAB2 PRA3 TEN2
	2.2 Experimentation, investigation, and knowledge discovery		X	X	LAB2 PRA3 TEN2
	2.3 System thinking	X	X		LAB2 PRA3 TEN2
	2.4 Attitudes, thought, and learning		X	X	TEN2
	2.5 Ethics, equity, and other responsibilities	X
3. INTERPERSONAL SKILLS: TEAMWORK AND COMMUNICATION
	3.1 Teamwork	X		X	PRA3
	3.2 Communications	X		X	PRA3
	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		LAB2 PRA3 TEN2
	4.2 Enterprise and business context	X	X		PRA3 TEN2
	4.3 Conceiving, system engineering and management	X
	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
	5.2 Economic conditions for knowledge development
	5.3 Identification of needs, structuring and planning of research or development projects
	5.4 Execution of research or development projects
	5.5 Presentation and evaluation of research or development projects

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