Industrial Economics, Basic Course, 6 credits

Industriell ekonomi, grundkurs, 6 hp

TEAE01

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
ECV = Elective / Compulsory / Voluntary
Course offered for Semester Period Timetable module Language Campus ECV
6CMED Biomedical Engineering, M Sc in Engineering 7 (Autumn 2017) 2 2 Swedish Linköping E
6CKEB Chemical Biology (Protein Science and Technology) 9 (Autumn 2017) 1 2 Swedish Linköping E
6CKEB Chemical Biology, M Sc in Engineering (Industrial Biotechnology and Production) 7 (Autumn 2017) 1 2 Swedish Linköping E
6CKEB Chemical Biology, M Sc in Engineering (Protein Science and Technology) 7 (Autumn 2017) 1 2 Swedish Linköping C/E
6KKEM Chemistry 5 (Autumn 2017) 1 2 Swedish Linköping E
6IDAT Computer Engineering, B Sc in Engineering 3 (Autumn 2017) 2 2 Swedish Linköping C
6CDDD Computer Science and Engineering, M Sc in Engineering 7 (Autumn 2017) 2 2 Swedish Linköping E
6CDDD Computer Science and Engineering, M Sc in Engineering (International Software Engineering) 7 (Autumn 2017) 1 2 Swedish Linköping C
6CMJU Computer Science and Software Engineering, M Sc in Engineering 7 (Autumn 2017) 2 2 Swedish Linköping E
6CMJU Computer Science and Software Engineering, M Sc in Engineering (International Software Engineering) 7 (Autumn 2017) 1 2 Swedish Linköping C
6CTBI Engineering Biology, M Sc in Engineering (Devices and Materials in Biomedicine) 7 (Autumn 2017) 1 2 Swedish Linköping E
6CTBI Engineering Biology, M Sc in Engineering (Devices and Materials in Biomedicine) 9 (Autumn 2017) 1 2 Swedish Linköping E
6CTBI Engineering Biology, M Sc in Engineering (Industrial biotechnology and production) 7 (Autumn 2017) 1 2 Swedish Linköping E
6CTBI Engineering Biology, M Sc in Engineering (Industrial Biotechnology and Production) 9 (Autumn 2017) 1 2 Swedish Linköping E
6IELK Engineering Electronics, B Sc in Engineering 3 (Autumn 2017) 2 2 Swedish Linköping C
6CITE Information Technology, M Sc in Engineering 7 (Autumn 2017) 1 2 Swedish Linköping E
6CITE Information Technology, M Sc in Engineering (International Software Engineering) 7 (Autumn 2017) 1 2 Swedish Linköping C
6KMAT Mathematics, Bachelor´s Programme 3 (Autumn 2017) 2 2 Swedish Linköping E
6KMAT Mathematics, Bachelor´s Programme (Modelling and Optimization in Economics) 3 (Autumn 2017) 2 2 Swedish Linköping E
6IMAS Mechanical Engineering, B Sc in Engineering 5 (Autumn 2017) 2 2 Swedish Linköping 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

    TEN1Written examination3 creditsU, 3, 4, 5
    PRA1Project work2 creditsU, G
    LAB1Computer laboratory work1 creditsU, G
    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
    TEN1 Written examination 3 credits U, 3, 4, 5
    PRA1 Project work 2 credits U, G
    LAB1 Computer laboratory work 1 credits U, G
    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. 

    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
    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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