Industrial Economics, 6 credits

Industriell ekonomi, 6 hp

TEIE53

Main field of study

Industrial Engineering and Management

Course level

First cycle

Course type

Programme course

Examiner

Daniel Ellström

Director of studies or equivalent

Johan Holtström

Education components

Preliminary scheduled hours: 48 h
Recommended self-study hours: 112 h
ECV = Elective / Compulsory / Voluntary
Course offered for Semester Period Timetable module Language Campus ECV
6KFTL Air Transportation and Logistics, Bachelor's Programme 2 (Spring 2017) 1 1 Swedish Norrköping C
6KLOG Civic Logistics, Bachelor´s Programme 2 (Spring 2017) 1 1 Swedish Norrköping C
6IBYG Civil Engineering, B Sc in Engineering 4 (Spring 2017) 1 1 Swedish Norrköping C
6CKTS Communications, Transport and Infrastructure, M Sc in Engineering 2 (Spring 2017) 1 1 Swedish Norrköping C
6CIEN Electronics Design Engineering, M Sc in Engineering 6 (Spring 2017) 1 1 Swedish Norrköping E
6CMEN Media Technology and Engineering, M Sc in Engineering 8 (Spring 2017) 1 1 Swedish Norrköping E

Main field of study

Industrial Engineering and Management

Course level

First cycle

Advancement level

G1X

Course offered for

  • Communications, Transport and Infrastructure, M Sc in Engineering
  • Air Transportation and Logistics, Bachelor's Programme
  • Civic Logistics, Bachelor´s Programme
  • Civil Engineering, B Sc in Engineering
  • Electronics Design Engineering, M Sc in Engineering
  • Media Technology and 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 purpose of the course is to give the student an introduction and orientation about the interaction between the society, companies, markets and customers. After the course the students should

  • understand the environment a company operates in, how the market can look like and competitive strategies that can be used.
  • be able to utilize different product and investment calculation methods,
  • understand the principles of accounting and financial reporting,
  • analyse and draw conclusions from the annual financial reports by calculating key financial indicators.
  • conduct a project work that describes and analyses a companies financial and/or market position.

 

Course content

The economics situation in Sweden and in other countries. Markets and prices. Market structures, competition and business strategies. Accounting and analysis of balance sheet and profit and loss account. Product profitability and investment calculations. (Logistics), organisation and marketing theories.

Teaching and working methods

Case studies and problem solving will be a part of the seminaries and lectures. A group project assignment in either an existing company or in macroeconomics will be conducted.

Examination

TEN1Written examination4 creditsU, 3, 4, 5
PRA1Project2 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

Daniel Ellström

Course website and other links

http://www.iei.liu.se/indek/utbildning/industriell-ekonomi/teie53?l=sv

Education components

Preliminary scheduled hours: 48 h
Recommended self-study hours: 112 h

Course literature

"Företagsekonomi - från begrepp till beslut", Holmström, N (2007 el senare) eller motsvarande litteratur.
Code Name Scope Grading scale
TEN1 Written examination 4 credits U, 3, 4, 5
PRA1 Project 2 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. 

"Företagsekonomi - från begrepp till beslut", Holmström, N (2007 el senare) eller motsvarande litteratur.

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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