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* Retrieved from Course syllabus ME1314 (Autumn 2019–)

Content and learning outcomes

Course contents

The course "Introduction to Industrial Engineering and Management" is the first in a series of programme-specific courses in the engineering programme of Industrial Engineering and Management. KTH's engineering education in Industrial Engineering and Management places strong emphasis on the interplay between technical problem-solving and business context. A central idea behind this first course, as well as in the whole education programme, is that the student should be trained in solving engineering problems for organisational development in technology-based companies and organisations.

The major aim with the course is to give a general orientation about and a perspective on the subject of Industrial Engineering and Management, as well as to create interest in and understanding of the continued studies in the programme. The course thus prepares the student for a professional career as an engineer of Industrial Engineering and Management.

The course gives basic knowledge of Industrial Engineering and Management. A part of the course is dealing with methods and tools for calculation, accounting and financing in industrial companies. In addition to lectures and calculation exercises, it includes work with complex case studies and activities aiming at creating a better understanding of how accounting, calculation and market strategies are connected. Another part of the course focuses on the activities of the industrial company, and contains lectures and study visits. A third part focuses on sustainable business development and consists of lectures, study visits and written assignments.

In additon, a number of themes, called "Complementary perspectives for I-students", are scheduled within the course. These give the opportunity to reflect on and practice various student and engineering skills that will be useful in future studies as well as in future projects and in professional practice.

Intended learning outcomes

On completion of the course, the student will be able to:

1. Within the fields of (1) costing and accounting and (2) financial analysis and corporate finance, with a focus on the industrial firm:

  • Describe, explain, and apply relevant concepts and models from the subject Industrial management
  • Perform and interpret calculations as basis for financial decisions
  • Describe how financial data are recorded, presented, and interpreted
  • Describe how the industrial firm’s operations are financed and how financial planning is carried out

2. Describe, explain, and apply relevant concepts and models of industrial value creation and describe, analyze, and explain how the operations in an industrial firm can be interpreted, organized, and managed

3. Explain and discuss sustainable business development and how it relates to other aspects of sustainable development

4. Write reports, create presentation materials, and hold oral presentations as well as work in teams in an efficient manner

5. Reflect on and discuss the themes relevant for the role of the professional engineer that are presented in the “perspectives module” of the course

Course Disposition

See the course syllabus.

Literature and preparations

Specific prerequisites

General entry requirements for higher education.

Recommended prerequisites

No information inserted

Equipment

None

Literature

Modern industriell ekonomi (Engwall et. al., Studentlitteratur 2017).

Additional reading and course material will be specified at the start of the course.

Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

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

Examination

  • INL2 - Assignments, 1,5 hp, betygsskala: P, F
  • KON2 - Partial exams, 1,0 hp, betygsskala: A, B, C, D, E, FX, F
  • PRO4 - Project, 0,5 hp, betygsskala: P, F
  • PRO5 - Project, 1,5 hp, betygsskala: P, F
  • SIM1 - Business simulation, 0,5 hp, betygsskala: P, F
  • STU1 - Study visit, 1,0 hp, betygsskala: P, F
  • TEN2 - Exam, 3,0 hp, betygsskala: 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.

Opportunity to complete the requirements via supplementary examination

See the course syllabus.

Opportunity to raise an approved grade via renewed examination

Decided by the examiner.

Examiner

Profile picture Bo Karlsson

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.

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 ME1314

Offered by

ITM/Industrial Economics and Management

Main field of study

Technology

Education cycle

First cycle

Add-on studies

See the course and program directory.

Contact

Bo Karlsson, bo.karlsson@indek.kth.se

Supplementary information

Mandatory for CINEK 1. Only open for students admitted to CINEK.

Not open for exchange students.