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Introduction to Business EconomicsLaajuus (5 cr)

Code: BYM22EA01

Credits

5 op

Objective

After passing the course, the student is expected to be able to;
- identify and describe basic concepts in business administration with a focus on the industrial context
- explain the importance of profitable business activities in the long term linked to the possibility of existence and growth for business operations- describe the basic conditions, opportunities, challenges and threats of the private enterprise
- make simple calculations in business economics
- compare and evaluate different industries and refer to the business cycle in a dialogue
- relate to law and taxation in business operations

Content

- företagsekonomi, industriell ekonomi och företagandet, nationellt och internationellt
- om affärsidéer, företagsformer, marknader, kunder och användare
- lönsamhetens byggstenar på kort och lång sikt
- företaget: ägare, ledning, olika funktioner, branschtillhörighet, teknologisk höjd och speciella karakteristika
- företaget och omvärlden, konkurrenter, samverkanspartners, grundläggande rapporteringskrav, marknadsinformation och nätverk
- grundläggande om finansiering, juridik och beskattning

Qualifications

none

Assessment criteria, satisfactory (1)

Justifiable; The student describes theory formation and concepts partially flawed both in the exam and in the exercises. He does not use theory and concepts entirely correctly, which gives incorrect calculation results for comparison, defense of solutions, decisions and proof.

Assessment criteria, good (3)

Good; The student uses theorizing and concepts in the exam and exercises almost correctly. Calculations, comparisons, defenses and proofs have a good theoretical foundation for application or in response to exam questions.

Assessment criteria, excellent (5)

Excellent; The student bases his descriptions, applications and calculations on relevant theory and concepts. Explanations in the exam and in the exercise work include motivations, comparisons and take a stand and propose development.

Materials

Material provided by the lecturer

Enrollment

30.11.2023 - 25.02.2024

Timing

22.01.2024 - 21.04.2024

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Unit

Faculty of Technology and Seafaring

Campus

Vasa, Wolffskavägen 33

Teaching languages
  • Svenska
Teachers
  • Kimmo Koivisto
Teacher in charge

Tom Lipkin

Groups
  • BYB23FH-V
    Byggmästare (YH), h23, flerform
  • ÖH22BYS-INFRAFI-V
    Öppna YH, Infrarakentamisen täydennyskoulutus

Objective

After passing the course, the student is expected to be able to;
- identify and describe basic concepts in business administration with a focus on the industrial context
- explain the importance of profitable business activities in the long term linked to the possibility of existence and growth for business operations- describe the basic conditions, opportunities, challenges and threats of the private enterprise
- make simple calculations in business economics
- compare and evaluate different industries and refer to the business cycle in a dialogue
- relate to law and taxation in business operations

Content

- företagsekonomi, industriell ekonomi och företagandet, nationellt och internationellt
- om affärsidéer, företagsformer, marknader, kunder och användare
- lönsamhetens byggstenar på kort och lång sikt
- företaget: ägare, ledning, olika funktioner, branschtillhörighet, teknologisk höjd och speciella karakteristika
- företaget och omvärlden, konkurrenter, samverkanspartners, grundläggande rapporteringskrav, marknadsinformation och nätverk
- grundläggande om finansiering, juridik och beskattning

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Justifiable; The student describes theory formation and concepts partially flawed both in the exam and in the exercises. He does not use theory and concepts entirely correctly, which gives incorrect calculation results for comparison, defense of solutions, decisions and proof.

Assessment criteria, good (3)

Good; The student uses theorizing and concepts in the exam and exercises almost correctly. Calculations, comparisons, defenses and proofs have a good theoretical foundation for application or in response to exam questions.

Assessment criteria, excellent (5)

Excellent; The student bases his descriptions, applications and calculations on relevant theory and concepts. Explanations in the exam and in the exercise work include motivations, comparisons and take a stand and propose development.

Qualifications

none

Enrollment

30.11.2023 - 28.01.2024

Timing

08.01.2024 - 21.04.2024

Number of ECTS credits allocated

5 op

Mode of delivery

Contact teaching

Unit

Faculty of Technology and Seafaring

Campus

Vasa, Wolffskavägen 33

Teaching languages
  • Svenska
Teachers
  • Kimmo Koivisto
Teacher in charge

Tom Lipkin

Groups
  • BYB23F-V
    Byggmästare (YH), v23, flerform

Objective

After passing the course, the student is expected to be able to;
- identify and describe basic concepts in business administration with a focus on the industrial context
- explain the importance of profitable business activities in the long term linked to the possibility of existence and growth for business operations- describe the basic conditions, opportunities, challenges and threats of the private enterprise
- make simple calculations in business economics
- compare and evaluate different industries and refer to the business cycle in a dialogue
- relate to law and taxation in business operations

Content

- företagsekonomi, industriell ekonomi och företagandet, nationellt och internationellt
- om affärsidéer, företagsformer, marknader, kunder och användare
- lönsamhetens byggstenar på kort och lång sikt
- företaget: ägare, ledning, olika funktioner, branschtillhörighet, teknologisk höjd och speciella karakteristika
- företaget och omvärlden, konkurrenter, samverkanspartners, grundläggande rapporteringskrav, marknadsinformation och nätverk
- grundläggande om finansiering, juridik och beskattning

Evaluation scale

H-5

Assessment criteria, satisfactory (1)

Justifiable; The student describes theory formation and concepts partially flawed both in the exam and in the exercises. He does not use theory and concepts entirely correctly, which gives incorrect calculation results for comparison, defense of solutions, decisions and proof.

Assessment criteria, good (3)

Good; The student uses theorizing and concepts in the exam and exercises almost correctly. Calculations, comparisons, defenses and proofs have a good theoretical foundation for application or in response to exam questions.

Assessment criteria, excellent (5)

Excellent; The student bases his descriptions, applications and calculations on relevant theory and concepts. Explanations in the exam and in the exercise work include motivations, comparisons and take a stand and propose development.

Qualifications

none