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ML1020 Industrial Economics and Organisation 7.5 credits

Industriell ekonomi och organisation

Engineering is more than technology. To participate in technology-based businesses as an engineer, carry out projects, develop businesses and lead teams and employees in today's companies, a solid knowledge in industrial management is needed. In practice, the key to success lies in an understanding of technical and economic aspects of decisions.

  • Educational level

    First cycle

  • Academic level (A-D)

  • Subject area

    Techonology

  • Grade scale

    A, B, C, D, E, FX, F

Course offerings

Autumn 12 for programme students

Spring 13 for programme students

Spring 14 for programme students

Spring 14 for programme students

Learning outcomes

After completing the course the student will be able to:

  • give an account for (without further details) social economic phenomenon as for example market economi, employment, growth and foreign trade. The student will also give her point of view in different economic and political issues activities based on her own values.
  • identify and describe different type of enterprise organisation
  • explain why a company which pay regard to human needs and resources in consequense also gets higher profit
  • perform a result analysis and calculate brake even and different margins
  • lay out and solve a simpel optimization calculation with two variables(products) and several restrictions
  • lay out and accomplish a traditional cost price calculation with conventional divided overheads
  • lay out and solve a long term investment calculation due to pay-back time and net present value
  • choose and justify for when different types of calculations are appropriate
  • calculate cost for assets due to inventory, trade demand and trade debts
  • give an account for different rules in external accounting
  • perform easier calculations of depreciation according to the books and closing account reservation
  • explain the meaning of a market oriented company, describe the marketing process and apply some strategic marketing tools and models
  • interpret rules and suggest applying situation for some major laws in the field of business

Course main content

  • Formal forms of companies. Conditions of enterprices and their interaction with the surrounding.
  • Organizational principles, corporate image, quality, management philosophy, and other soft values and characteristics input to business processes. Formal and informal structures in organizations.
  • Basic markering concepts and models.
  • Result och liquidity. Short and long term calculation. Accounting analysis due to business ratios. Accounting principles. Capital cost, need and aquiring.
  • Law; employment rules, marketing conditions and antitrust legislation.

Disposition

Lectures
Exercises

Eligibility

Literature

Olsson, J & Skärvad, Företagsekomoni 100 - faktabok, Liber Ekonomi 2011, ISBN 978-91-47-09634-3, Senaste upplaga
Olsson, J & Skärvad, Företagsekomoni 100 - övningsbok, Liber Ekonomi 2011, ISBN 978-91-47-09635-0, Senaste upplaga
Olsson, J & Skärvad, Företagsekomoni 100 - lösningar, Liber Ekonomi 2011, ISBN 978-91-47-09636-7, Senaste upplaga

Examination

  • TEN1 - Written Exam, 6.0 credits, grade scale: A, B, C, D, E, FX, F
  • ÖVN1 - Exercise, 1.5 credits, grade scale: P, F

Aids at the examination:

Calculator
Concise supporting documents with key abbreviations, concepts and some formulas
Interest table for discount rates at investment calculations

Requirements for final grade

Passed written examination
Passed exercises
The final grade is based on the written examination

Offered by

ITM/Applied Mechanical Engineering

Examiner

Claes Hansson <chansson@kth.se>

Add-on studies

HU1000 Industrial Marketing
HU1904 Accounting and entrepreneurship
HU1001 Business calculation and decision models

Version

Course plan valid from: Autumn 12.
Examination information valid from: Autumn 12.