ME1003 Industrial Management, Basic Course 6.0 credits

Industriell ekonomi, grundkurs

Engineering is the art and practice of being able to combine technology with economic, managerial, and social aspects. The ability to develop technology-based businesses, manage projects, improve operations, lead teams, head organizations, lead employees, etc., requires good knowledge in Industrial Management. This course provides these basic skills.

The course runs four times a year; in Swedish in period 2, 3 and 4 and in English in period 1.

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Course information

Content and learning outcomes

Course contents *

The course covers the following main areas within industrial management:

Industrial Value Creation, Cost-Volume-Profit (CVP) Analysis, Product Costing, Investment Appraisal, Bookkeeping, Accounting, Financial Analysis, Cash Flow Analysis and Corporate Financing.

The course consists of three modules: (1) Industrial management and value creation, (2) Product costing and investment appraisial, and (3) Finincial accounting and corporate finance.

Intended learning outcomes *

Engineering work involves more than just technology. In order to be able to take part in technology-based transactions, implement projects, develop businesses and lead teams and employees in today’s companies, good knowledge of industrial management is necessary. In practice, success lies in understanding both technical and financial aspects of decisions. This course will give you a basic knowledge of industrial management. More specifically, this means that, after completing the course, you will be able to:

  1. explain and describe different technology-based business models and the dynamic of value creation, value propositions and value capture in industrial enterprises.

  2. explain and describe how industrial activities are managed and organized.

  3. select, interpret and apply economic calculations as documentation for making decisions in different business situations.

  4. understand the basic principles of financial accounting and reporting.

  5. compile and analyze financial reports at a basic level.

  6. Understand and explain an industrial enerprise from various perspectives based on terms in the subject of industrial management.

Course Disposition

No information inserted

Literature and preparations

Specific prerequisites *

General entry requirements for higher education.

Recommended prerequisites

No information inserted

Equipment

No information inserted

Literature

Modern industrial managementEngwall, et al (latest edition), published by Studentlitteratur

Exercises for Modern Industrial Management Engwall, et al (latest edition)

Examination and completion

Grading scale *

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

Examination *

  • KON1 - Partial Exam, 0.0 credits, Grading scale: P, F
  • KON2 - Partial Exam, 0.0 credits, Grading scale: P, F
  • KON3 - Partial Exam, 0.0 credits, Grading scale: P, F
  • TENA - Examination, 6.0 credits, Grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Other requirements for final grade *

Examination

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

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Examiner

Mohammad Akhbari

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web ME1003

Offered by

ITM/Industrial Economics and Management

Main field of study *

Industrial Management, Technology

Education cycle *

First cycle

Add-on studies

This course enables further studies within the field of industrial management, e.g. project management, marketing, entrepreneurship, economics, industrial dynamics, production, leadership and human resource management, gender, innovation and management control.

Contact

Mohammad Akhbari, mohammad.akhbari@indek.kth.se

Ethical approach *

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Supplementary information

Established Spring 02.

Replaces 4D1023, ME1000, ME1001, ME1002; ME1004.